As a leading dog-themed cryptocurrency, Shiba Inu (SHIB) is off to a strong start in 2025.
At the opening this year, SHIB was only $0.00002, but then steadily rose, reaching a high of $0.00002425 today, with the potential for a three-day increase, and investor optimism is growing stronger.
At the beginning of the new year, the cryptocurrency market has also significantly warmed up.
Many digital asset prices are rising, and the renewed enthusiasm among investors seems to be driving the entire industry upward.
Altcoins like Shiba Inu are performing brilliantly. Compared to Bitcoin, altcoins are more volatile and often contain greater short-term profit opportunities, helping to boost the current upward trend.
Looking back, the first quarter of each year is often the 'golden' period for digital assets.
SHIB reaches a milestone of 102 trillion: What's next?
The recent rise of Shiba Inu has brought it into a key trading range; based on past experience, trading activity in this range has always been quite high.
In the price range of $0.000022 to $0.000024, approximately 102.57 trillion SHIB tokens have been accumulated, involving 80,900 addresses, with an average acquisition cost of $0.000023.
Currently, the trading price of Shiba Inu is $0.00002425, slightly above this range; although it has broken through this minor obstacle, there is still an important 'checkpoint' ahead, which is the area of $0.000024 to $0.00003.
Currently, 207,630 addresses hold over 70 trillion SHIB tokens, which suggests that if it wants to rise further, it may face significant challenges.
Support level during a downturn
Once the price falls back, Shiba Inu has a solid backing in the range of $0.000019 to $0.000022.
Data shows that within this range, 47,250 addresses are holding about 28.77 trillion SHIB tokens, indicating that when selling pressure increases, it can remain steady.
The cryptocurrency market at the beginning of 2025 is looking good, creating a favorable growth environment for assets like Shiba Inu.
Although the current trend of Shiba Inu is optimistic, whether it can continue to rise depends on how it breaks through resistance areas and retains investors' confidence.