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 <p>The entire <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a> market underwent a bullish transformation, breaking free from its stagnant price phase and experiencing a significant upswing. Shiba Inu (SHIB), the second-largest meme coin, joined this positive trend. Despite repeated criticisms regarding its price stagnation, the asset decisively put these concerns to rest by surging more than 10% in just the past few hours.</p>
 <p>Shiba Inu experienced a low trading price of $0.000007355 earlier today, but it managed to rise to a high of $0.0000082. As of the current moment, SHIB is trading at $0.000008106, marking a daily increase of 10.22%. Notably, the meme coin has seen an impressive, nearly 20% surge over the past couple of days. Even with this substantial price rise, the <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a>’s market capitalization remains at $4.78 billion, solidifying SHIB’s position as the 19th largest digital asset.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="600" src="https://cdn.thebittimes.com/images/2023/10/26/f25b7d3f7579483f4addcb30a602a8f2.webp" alt class="wp-image-117130" srcset="https://cdn.thebittimes.com/images/2023/10/26/f25b7d3f7579483f4addcb30a602a8f2.webp 1024w, https://cdn.thebittimes.com/images/2023/10/26/f25b7d3f7579483f4addcb30a602a8f2.webp 300w, https://cdn.thebittimes.com/images/2023/10/26/f25b7d3f7579483f4addcb30a602a8f2.webp 768w, https://cdn.thebittimes.com/images/2023/10/26/f25b7d3f7579483f4addcb30a602a8f2.webp 1536w, https://cdn.thebittimes.com/images/2023/10/26/f25b7d3f7579483f4addcb30a602a8f2.webp 380w, https://cdn.thebittimes.com/images/2023/10/26/f25b7d3f7579483f4addcb30a602a8f2.webp 550w, https://cdn.thebittimes.com/images/2023/10/26/f25b7d3f7579483f4addcb30a602a8f2.webp 800w, https://cdn.thebittimes.com/images/2023/10/26/f25b7d3f7579483f4addcb30a602a8f2.webp 1160w, https://cdn.thebittimes.com/images/2023/10/26/f25b7d3f7579483f4addcb30a602a8f2.webp 1626w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p>While SHIB aims to kickstart its upward trajectory, a significant resistance barrier lies at $0.0000084 for the meme coin. However, it has successfully established a support level at $0.0000077, rekindling optimism within the market.</p>
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 <p>During its recent price surge, SHIB witnessed a rise in both trading volume and open interest. According to information from CoinGlass, SHIB’s trading volume increased by 83%, and its open interest grew by 12%. As the asset embarked on this upward trend, approximately $641,000 worth of positions were liquidated over the past 24 hours. Within this figure, $588.32K of short positions were liquidated, while a smaller sum of $52,000 in long positions was also liquidated.</p>
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 <p><strong>Also Read: Shiba Inu Whales Trigger a $50 Million Surge Amidst FOMO Craze</strong></p>
 <h3 class="wp-block-heading" id="h-shiba-inu-holders-in-the-green">Shiba Inu holders in the green</h3>
 <p>With the recent surge in Shiba Inu’s price, the proportion of holders benefiting from the asset’s current value has increased. Currently, 20% of SHIB holders are in a profitable position. In contrast, a significant 77% of holders are facing losses. Although there is a notable gap between these percentages, this marks a substantial rise since the start of the month.</p>
 <figure class="wp-block-image size-full is-resized"><img decoding="async" width="536" height="254" src="https://cdn.thebittimes.com/images/2023/10/26/4bb1cb72c4e1a286a5a01d7ef44971da.webp" alt class="wp-image-117131" style="aspect-ratio:2.1102362204724407;width: 100%;height:auto" srcset="https://cdn.thebittimes.com/images/2023/10/26/4bb1cb72c4e1a286a5a01d7ef44971da.webp 536w, https://cdn.thebittimes.com/images/2023/10/26/4bb1cb72c4e1a286a5a01d7ef44971da.webp 300w, https://cdn.thebittimes.com/images/2023/10/26/4bb1cb72c4e1a286a5a01d7ef44971da.webp 380w" sizes="(max-width: 536px) 100vw, 536px">
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 <p><strong>Also Read: SHIB: Does Ryoshi Own $1 Billion in Shiba Inu?</strong></p>
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<div class="cs-entry__tags">
 <ul>
  <li>crypto</li>
  <li>cryptocurrency</li>
  <li>shib</li>
  <li>shiba inu</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-rises-double-digits-today-for-the-first-time-in-3-months-tbt67853.html">https://thebittimes.com/shiba-inu-rises-double-digits-today-for-the-first-time-in-3-months-tbt67853.html</a></p>

Shiba Inu Rises Double Digits Today for the First Time in 3 Months

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