Shiba

Token

Shiba Inu

Daily

Gains

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inu-token-surges-with-over-20-daily-gains/" data-wpel-link="internal">Shiba Inu Token Surges with Over 20% Daily Gains</a><br></p>
<p style="text-align: justify">After a period of decline, the popular meme token <strong><a href="https://en.coin-turk.com/shiba-coin-analysis-and-predictions-for-investors/" data-wpel-link="internal">Shiba</a> Inu (<a href="https://en.coin-turk.com/shiba-coin-negative-trend-continues-when-will-the-fall-end-daily-shib-chart-analysis/" data-wpel-link="internal">SHIB</a>)</strong> began to show strength and continued to gain over 20% in a single day. <strong>Shiba Inu</strong> recently experienced a significant surge, reaching a price of $0.00002597. These levels were last seen in mid-2022, after which the price fell and began moving in a stable sideways trend until March 2024.</p> 
<h2 id="resistance-level-for-shib">Resistance Level for SHIB</h2> 
<p style="text-align: justify">The <strong>meme token</strong> is currently trading at a price more than 20.90% higher in the last 24 hours. This increase contributes to an astounding weekly rise of 174.38% and an even more significant monthly rally. At its current position, it may be facing the strongest resistance at the $0.000028 price level. Breaking through this level could signal even stronger gains, significantly surpassing the current support area ranging between $0.00001698 and $0.00002050.</p> 
<p style="text-align: justify">Data obtained from the advanced decentralized finance (<a href="https://coin-turk.com/unlu-isim-uyardi-defi-cilginligina-dikkat" data-wpel-link="internal">DeFi</a>) analysis platform <strong>IntoTheBlock</strong> showed that during the specified period, 63% of SHIB holders made money, 32% incurred losses, and 5% broke even. According to the latest information from <strong>IntoTheBlock</strong>, at the time of writing, the number of SHIB holders making a profit reached 69%, while those at a loss dropped to 24%, and 7% of meme token holders balanced out this figure.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-322714 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/shib.jpg" alt="" width="1312" height="632"></p> 
<h2 id="current-data-on-shib">Current Data on SHIB</h2> 
<p style="text-align: justify">At the same time, the positive price movement and profits for holders have led to an extraordinary surge in sentiment, currently considered ‘strong buying’ on its first day. Weekly and monthly technical analysis (TA) indicators based on moving averages (MA) and oscillators are optimistic. Moreover, SHIB’s <strong>blockchain</strong>, <a href="https://en.coin-turk.com/shiba-inu-shib-name-service-and-the-future-of-sns/" data-wpel-link="internal">Shibarium</a>, has recently approached a total of 3.5 million blocks and is nearing 400 million transactions, with over 1.36 million <strong>crypto</strong> wallet addresses counted in its ecosystem. Considering the rising momentum, a historical level of 87 points on the relative strength index (RSI), and the moving average convergence divergence (MACD) indicator signaling ‘buy,’ it appears that SHIB holders could realize profits.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/shiba-inu-token-surges-with-over-20-daily-gains/" data-wpel-link="internal">Shiba Inu Token Surges with Over 20% Daily Gains</a></h5>

Shiba Inu Token Surges with Over 20% Daily Gains

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