Shiba

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Shiba Inu

<ul>
 <li>Shiba Inu’s price surged by 30% from the $0.00002366 support level, hitting $0.0000308.</li>
 <li>The $0.00002366 support level stabilized Shiba Inu amid market volatility.</li>
 <li>With a 27% increase in burn rate, approximately 27 million SHIB tokens were sent to an unspendable wallet in the last 24 hours.</li>
</ul>
Shiba Inu (SHIB) has experienced a substantial 30% increase, soaring from its support level of $0.00002366 to hit $0.0000308 at the latest recording. Within 24 hours, it exhibited a 12% uptick and an astounding surge in trading volume, which skyrocketed by 186% to reach $2.16 billion.
After navigating through the recent market tumult, Shiba Inu discovered a robust support zone at the $0.00002366 level, buoyed by the steadfast presence of the 200-day EMA. This stronghold not only instilled newfound stability but also presented enticing buying opportunities for investors keen on navigating market pressures.
The resurgence of <a href="https://www.tradingview.com/symbols/SHIBUSD/" rel="noopener noreferrer nofollow">SHIB</a> came in tandem with Bitcoin’s resurgence, as the pioneer cryptocurrency breached the $70,000 mark on Monday. Notably, the SuperTrend indicator, having traced a downtrend since March 5, when SHIB reached $0.00004563, recently hinted at a reversal, aligning with SHIB’s price trajectory.&nbsp;
To solidify this upward momentum, investors are eyeing sustained closures of four-hour candles above the $0.00003 level, paving the path for SHIB to reclaim its March high and potentially aim for the coveted milestone of $0.0001. This critical phase for SHIB hinges on its ability to retest the $0.00003 level and surpass the resistance at $0.000035.&nbsp;
Moreover, within the past 24 hours, the <a href="https://www.shibburn.com/" rel="noopener noreferrer nofollow">burn rate of SHIB</a> has surged by 27%, with approximately 27 million SHIB tokens being sent to an unspendable wallet. This increase in burn rate has the potential to reshape demand-supply dynamics, easing selling pressure and paving the way for further price escalation.&nbsp;
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The post <a href="https://cryptonewsland.com/shiba-inu-12-surge-sparks-fomo-eyes-0-0001-milestone/" rel="noopener noreferrer nofollow">Shiba Inu: 12% Surge Sparks FOMO, Eyes $0.0001 Milestone</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Shiba Inu: 12% Surge Sparks FOMO, Eyes $0.0001 Milestone

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