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<ul> 
 <li>SHIB aims to break $0.000028 and target $0.000036 by April’s end.</li> 
 <li>The recent 24% surge contrasts with broader market stagnation post-Bitcoin halving.</li> 
 <li>Technical indicators and trader sentiment suggest a potential for SHIB’s upward momentum.</li> 
</ul> 
Shiba Inu (SHIB) is once again in motion, aiming to surpass the critical threshold of $0.000028 as it sets its sights on reaching $0.000036 before April’s end.&nbsp; 
Following Bitcoin’s recent halving, the cryptocurrency market had been stagnant, but SHIB injected a spark of activity with a remarkable 24% surge on Sunday. However, this momentum quickly tapered off, leaving SHIB at $0.00002748 on Tuesday. 
In recent weeks, <a href="https://coinmarketcap.com/currencies/shiba-inu/">SHIB</a>‘s price performance has been turbulent, witnessing a significant drop from its 2024 peak of $0.00004563 to test support levels near $0.00002. However, this decline reflects broader market trends, as the <a href="https://cryptonewsland.com/massive-liquidity-approaching-crypto/">crypto market</a> grapples with downturns exacerbated by geopolitical tensions and the aftermath of Bitcoin’s halving. 
Technical indicators suggest potential resistance around the $0.000028 mark, but traders remain hopeful for a breakthrough. The 20-day EMA provides support around $0.000026, reinforced by the 200-day EMA and the 50-day EMA to mitigate further losses. 
Traders closely monitor SHIB’s movement against key resistance levels and technical signals. A break above the descending trendline could signify increased trader risk appetite, fueling upward momentum toward the $0.000036 target.&nbsp; 
Additionally, confirmation of bullish sentiment may come from the MACD indicator, with a blue MACD line crossing above the red signal line in the four-hour range. In the short to medium term, important targets for SHIB include $0.00003 and $0.000032, with the overarching aim of sustaining momentum towards the higher resistance at $0.000036. 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
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 <li><a href="https://cryptonewsland.com/dogecoin-gains-momentum-sets-sights-on-reaching-0-15/">Dogecoin Gains Momentum, Sets Sights on Reaching $0.15</a></li>
 <li><a href="https://cryptonewsland.com/litecoin-retakes-60-as-pump-to-75-now-in-sight/">Litecoin Retakes $60 as Pump to $75 Now in Sight</a></li>
 <li><a href="https://cryptonewsland.com/cardanos-impressive-11-surge-sets-sights-on-0-3-can-it-make-the-leap/">Cardano’s Impressive 11% Surge Sets Sights on $0.3, Can It Make the Leap?</a></li>
 <li><a href="https://cryptonewsland.com/shiba-inu-whales-make-massive-moves-is-shibs-next-rally-in-sight/">Shiba Inu Whales Make Massive Moves: Is SHIB’s Next Rally in Sight?</a></li>
 <li><a href="https://cryptonewsland.com/shiba-inu-triumphs-in-march-what-awaits-in-april/">Shiba Inu Triumphs in March: What Awaits in April?</a></li>
</ul> 
The post <a href="https://cryptonewsland.com/shiba-inu-breaks-key-barrier-sets-sights-on-0-000036-by-aprils-end/">Shiba Inu Breaks Key Barrier, Sets Sights on $0.000036 by April’s End</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.

Shiba Inu Breaks Key Barrier, Sets Sights on $0.000036 by April’s End

Crypto News Land

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