SHIB
As a cryptocurrency based on a popular online meme, SHIB was born as a fun tribute to Doge. The core value of SHIB lies in its strong social media influence, its strategy of reducing supply by burning tokens, and its constantly improving ecosystem.
On the daily candlestick chart, 👀 near q1un + 威: L20240098, SHIB's price has steadily recovered driven by the rising trend line. This momentum has lifted it from the low of 0.0000183 on April 13 to 0.000024, a 40% increase.
Shiba Inu currently has a market value of $14.7 billion, while its 24-hour trading volume has dropped to $250 million.
If the aforementioned support level can be maintained, buyers may break through the swing high resistance of 0.00003. This breakthrough will further confirm the shift in market sentiment from selling on the rise to buying on the pullback. The rebound after the breakout may push the asset to 0.000038 or even higher to 0.000054.
