$$SHIB Will Shiba Inu (SHIB) continue to rise? ATH is near!
Will Shiba Inu (SHIB), which has made 375% in just ten days, be able to continue its journey to the top?
-Shiba Inu's (SHIB) price movements have drawn attention in memecoins that have exploded with Bitcoin (BTC) relying on ATH. With a 375% increase in the last ten days, the memecoin has come a long way in terms of both volume and market capitalization. SHIB, which is moving step by step towards its peak price, ranked second in the "Most Rising Cryptocurrencies" list with an increase of 64.52 percent in the last 24 hours.
-Which levels may be important for SHIB, one of the most demanded altcoins of the recent period? What prices can be targeted for SHIB?
-Shiba Inu (SHIB) could rise as the memecoin craze continues!
The ever-increasing demand for the memecoin trend, especially dog coins, would have spurred it into action. Shiba Inu, one of the leading dog coins, has been one of the projects that benefited the most from this trend. The popular coin, which started at $0.000009360 on Feb. 25, reached 0.00004530 in a very short time, recording a total increase of 375%. What are the critical levels for SHIB, which has exploded after a long break?
-SHIB, which is trading at $0.00003878 at the time of writing, may want to test higher levels if the memecoin frenzy continues, BTC makes an ATH, or BTC dominance declines. In such a scenario, the resistance levels that can be targeted for SHIB would be $0.00005434 – $0.00007511 and $0.00008839, respectively. A break of the current ATH of $0.00008839 will trigger a new bull run in the pair.
-In the opposite scenario, the levels that can be followed as support for SHIB would be $0.00003507 – $0.00002536 and $0.00001699, respectively. A downside break of $0.00001699, the first resistance level where the rise began, could strengthen sellers' hands and bring short/medium-term lows...!?
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