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Shiba Inu

<ul>
 <li>Shiba Inu surged over 100% after breaking major resistance, despite the broader cryptocurrency market downturn.</li>
 <li>SHIB trading volume spiked 208.39%, reaching $603,475,407 in 24 hours.</li>
 <li>Despite high trading activity, SHIB’s price fell 11.28% in 24 hours, 19.42% in 7 days, and 27.05% in 30 days.</li>
</ul>
<p>Investor interest has recently grown in <a href="https://shibatoken.com/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB), the second-largest dog-themed cryptocurrency by market capitalization. Since breaking through a significant resistance level, Shiba Inu’s value has increased by over 100% despite the current downturn in the cryptocurrency market.</p>
<p>A prominent cryptocurrency trader has issued a bullish prediction for the Shiba Inu. Based on his analysis, the recent surge in the price of cryptocurrencies points to a possible increase in value. Since escaping its prior resistance trend, the price of Shiba Inu continues to climb up over 100% consistently.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> (Shiba Inu)'s price is still up over 100% since breaking out of the displayed resisting trend which can be letting us know that a RUN is IN-EFFECT!<br><br>With prices being broken out, the target is at $0.000081, meaning another +294% upside from here to reach it can take place… <a href="https://t.co/768GdhkTAk" rel="noopener noreferrer nofollow">https://t.co/768GdhkTAk</a> <a href="https://t.co/pVoXrcqkBE" rel="noopener noreferrer nofollow">pic.twitter.com/pVoXrcqkBE</a></p>— JAVON <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;">MARKS (@JavonTM1) <a href="https://twitter.com/JavonTM1/status/1802772492504719728?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 17, 2024</a>
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<p>According to his analysis, the recent trend points to an ongoing upward trajectory. Shiba Inu could rise 294% from its current levels to its target price of $0.000081. An increasing number of investors have expressed interest in this forecast as they see the <a href="https://cryptonewsland.com/shiba-inu-eyes-recovery-can-it-bounce-back-and-avoid-the-death-cross/" target="_blank" rel="noopener noreferrer nofollow">recent decline as a potential strategic entry point</a>.</p>
<p>Shiba Inu saw a sharp rise in trading volume on Tuesday at 12:59 a.m. ET, increasing to $603,475,407 in a single day. This indicated a 208.39% rise in trading activity. Shiba Inu’s price fell 11.28% over 24 hours despite the increase in trading volume. In addition, the cryptocurrency’s value dropped to $0.00001818 over the previous 30 days and 19.42% over the previous seven days.</p>
<p>According to the most recent data from <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>, the market capitalization of Shiba Inu is $10,716,961,252, and its circulating supply is currently 589,271,366,708,464 SHIB. These numbers highlight the high degree of unpredictability as well as potential risks in investing in Shiba Inu.</p>
<p>The <a href="https://cryptonewsland.com/shiba-inus-supply-decline-signals-long-term-bullish-trend/" target="_blank" rel="noopener noreferrer nofollow">recent performance of Shiba Inu</a> has caused quite a lot of speculation among cryptocurrency investors. Despite the current market slump, optimism has been generated by a prominent trader’s prediction of a 294% upside. The high volatility of Shiba Inu prices, however, highlights the need for crypto investors to be familiar with market trends and take extreme caution when investing.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/shiba-inus-surge-whales-drive-massive-transaction-spike/" rel="noopener noreferrer nofollow">Shiba Inu’s Surge: Whales Drive Massive Transaction Spike</a></li>
 <li><a href="https://cryptonewsland.com/bnb-sets-new-ath-at-711-this-cycle-after-10-spike-in-under-24-hours-more-aths-expected-as-altseason-arrives/" rel="noopener noreferrer nofollow">BNB Sets New ATH at $711 This Cycle After 10% Spike in Under 24 Hours, More ATHs Expected as Altseason Arrives</a></li>
 <li><a href="https://cryptonewsland.com/chainlinks-338m-transaction-spike-sparks-price-surge-speculation/" rel="noopener noreferrer nofollow">Chainlink’s $338M Transaction Spike Sparks Price Surge Speculation</a></li>
 <li><a href="https://cryptonewsland.com/shiba-inu-price-analysis-can-it-break-the-resistance-and-reach-0-000023/" rel="noopener noreferrer nofollow">Shiba Inu Price Analysis: Can It Break the Resistance and Reach $0.000023?</a></li>
 <li><a href="https://cryptonewsland.com/how-shiba-inu-shib-is-gearing-up-to-break-the-0-0001-barrier-in-2024/" rel="noopener noreferrer nofollow">How Shiba Inu (SHIB) Is Gearing Up to Break the $0.0001 Barrier in 2024</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/shiba-inu-price-dips-despite-208-volume-spike-can-shib-break-its-previous-ath-this-bull-cycle/" rel="noopener noreferrer nofollow">Shiba Inu Price Dips Despite 208% Volume Spike, Can SHIB Break Its Previous ATH This Bull Cycle?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Shiba Inu Price Dips Despite 208% Volume Spike, Can SHIB Break Its Previous ATH This Bull Cycle?

Crypto News Land

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