Shiba Inu Is Ready to Rally
Shiba Inu (SHIB) is experiencing a strong upward trend this week, rising by 5.7% to $0.00001420, marking three consecutive days of gains. The meme-coin is on track to challenge the $0.00001500 resistance level in the coming days. According to data from IntoTheBlock, large holders are maintaining their long positions at $0.00001700, suggesting that it might not take much for SHIB to break through this resistance. If supported by the broader market, SHIB could potentially climb even higher to $0.00002000.
Further bolstering SHIB’s outlook is the support it receives from major crypto exchanges like Robinhood, Coinbase, and Kraken, which continue to expand the range of assets tied to Shiba Inu. This expansion could increase network activity and boost demand for SHIB-related assets, providing additional momentum for the token's price.
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