A cryptocurrency called Shiba Inu (SHIB) is getting more and more popular. It has a dog theme. It’s worth 2.88% more now than it was 24 hours ago, or $0.0000178. If SHIB wins the day, it will be the fourth day in a row that it has done so.
SHIB slowly rose to a high point that hasn’t been seen in almost three weeks after falling to a low point of $0.00001578 on Friday. A lot of people think that the coin could try to make up to 50% more if it can get past important support levels. Still, I don’t know what to do next because there is a lot of pressure to sell at this price.
SHIB Holders Influence Price
IntoTheBlock knows that 36,730 addresses hold 422.56 trillion SHIB worth between $0.000017 and $0.000019, with $0.000018 being the average price paid for them. A lot of people who own shares may decide to sell them when the price gets close to their break-even point. That’s why lots of people could stop it. After this, the price might not go up any further.
If people who own SHIB shares choose to keep them, prices could go up. SHIB could go up in price to $0.000025, which is more than 50% more than it is now.
The coin market as a whole will have a busy few days ahead. Things that happen with Bitcoin and Ethereum, which are more significant games, often have an effect on smaller games like SHIB. Also, keep an eye on SHIB’s daily moving average passes. This could cause significant variations in prices in the short run.
