Shiba

Shiba Inu

Zero

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Shiba Inu (SHIB) is taking a breather from its relatively bullish rally as the market bears seem to be overpowering the bulls in early Friday trading.&nbsp;<a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">According</a> to data from CoinMarketCap, Shiba Inu is changing hands at $0.000008357, down by 2.85% in the past 24 hours. This slump has derailed the weekly growth curve of SHIB, in which it has printed 6.84% growth overall.
Despite this slump in price, Shiba Inu's ambitious targets are not yet derailed. There is still a dominant elevation in the trading volume of the asset, as this metric is up by 61.01% to $282,688,671 at the time of writing. The sustained buying momentum is a good omen in the ultimate push to erase one more zero in the near future.
Looking at Shiba Inu's price history, the meme coin slumped as low as $0.000006724 on Oct. 19 but has managed to&nbsp;<a href="https://u.today/shiba-inu-shib-reclaims-major-resistance-level-new-rally-approaching" rel="noopener noreferrer nofollow">breach</a> at least three crucial resistance levels in the past month. These resistance levels include the $0.000007 level, the $0.0000075 level and the ultimate point at the $0.000008 zone.
Should SHIB continue to breach these successive price levels, hitting the $0.00001 level is achievable in the midterm.
<h2 id="confluence-of-positive-trends">Confluence of positive trends</h2>
Shiba Inu has every reason to continue on its upward trajectory. Several metrics that help define a healthy market are in the green at this time, including both short-term and historic price outlooks.
Enough SHIB continues to make its way to the&nbsp;<a href="https://u.today/shiba-inu-shib-burn-rate-up-704-as-price-crosses-crucial-threshold" rel="noopener noreferrer nofollow">burn address</a>, contributing to the supply crunch that characterizes the protocol. Additionally, Shibarium has&nbsp;<a href="https://u.today/shibarium-eyes-new-milestone-of-4-million-transactions" rel="noopener noreferrer nofollow">sustained its impressive growth</a> trajectory with more transactions per second recorded without facing any key strain.
Overall, Shiba Inu is one protocol that has managed to sustain community enthusiasm for its yet-to-be-released products and services. A sustained release of its innovations will not only help erase one zero in the short term but chart a pathway toward the ultimate target of $0.01 in the long term.

Shiba Inu (SHIB) Might Erase One Zero If This Happens

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