Shiba

Momentum

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Shiba Inu

Rise

<ul>
 <li>Shiba Inu (SHIB) experienced a notable 26% surge amidst a broader market recovery,.</li>
 <li>Despite facing resistance at $0.000045, SHIB initiated a recovery effort, aiming to sustain levels above $0.000030.</li>
 <li>SHIB’s technical indicators suggest a predominantly bullish outlook, with potential for a rally.</li>
</ul>
Shiba Inu (SHIB) has seen a notable surge of 26% amidst the current market rebound, signaling a strong drive towards the crucial threshold of $0.00003.
SHIB surpassed market expectations by rallying 378% from $0.000009536 on February 23 to achieve a multi-year high of $0.00004563 on March 4. Encountering resistance at the $0.000045 high, SHIB witnessed a retracement. The broader market followed suit in the drop, particularly noticeable on March 14 when BTC also experienced a correction from its recent all-time high above $73,000.
Seeking to capitalize on the momentum of the market’s potential recovery, Shiba Inu initiated a rebound shortly after testing the support level at $0.000023 on March 16. After dropping to $0.00002380 amid a 15% decline on March 16, SHIB swiftly began a recovery effort, surging to a peak of $0.00003020 on March 17, marking a significant 26% gain from the previous low.
Despite slightly dropping from the $0.00003 threshold, SHIB retained the $0.000029 level, ending March 17 with a 16% gain. The primary objective of this recent recovery push is to reclaim and sustain levels above $0.000030.
However, <a href="https://app.intotheblock.com/coin/SHIB" rel="noopener noreferrer nofollow">Shiba Inu</a> has encountered opposition in its recent rally. The token is down 1.46% today, though it maintains a 13% gain over the past 24 hours, positioning it as one of the top gainers among the top 100 crypto assets during this period. With the current price standing at $0.00002914, Shiba Inu has managed to recover 22% of its value since dropping to $0.00002380.&nbsp;
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
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 <li><a href="https://cryptonewsland.com/shiba-inu-breaks-free-historical-data-suggests-potential-50-to-70-surge/" rel="noopener noreferrer nofollow">Shiba Inu Breaks Free: Historical Data Suggests Potential 50 to 70% Surge</a></li>
 <li><a href="https://cryptonewsland.com/march-madness-in-crypto-btc-and-eth-implied-volatility-surge/" rel="noopener noreferrer nofollow">March Madness in Crypto? BTC and ETH Implied Volatility Surge</a></li>
 <li><a href="https://cryptonewsland.com/shiba-inus-recovery-profits-rise-as-shib-resiliently-reclaims-0-000007/" rel="noopener noreferrer nofollow">Shiba Inu’s Recovery: Profits Rise as SHIB Resiliently Reclaims $0.000007</a></li>
 <li><a href="https://cryptonewsland.com/shiba-inus-growing-daily-active-addresses-a-path-to-recovery/" rel="noopener noreferrer nofollow">Shiba Inu’s Growing Daily Active Addresses: A Path to Recovery?</a></li>
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The post <a href="https://cryptonewsland.com/shiba-inu-surges-over-25-amid-crypto-market-recovery/" rel="noopener noreferrer nofollow">Shiba Inu Surges Over 25% Amid Crypto Market Recovery</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Shiba Inu Surges Over 25% Amid Crypto Market Recovery

Crypto News Land

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