Move to $0.00005 would represent substantial gains of 100% for SHIB price
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This suggests that over 308,000 Shiba Inu addresses would require SHIB to rise to $0.000051 to break even. Given the current market dynamics, this is no easy task, requiring a confluence of market forces and investor sentiment.As of now, SHIB’s price hovers around $0.000025, with a market capitalization of $14.59 billion, ranking it 11th among top cryptocurrencies by market value. The move to $0.
In the very short term, Shiba Inu faces a stiff barrier at the daily SMA 50 near $0.000025. A break above this crucial level may be required for SHIB to exit its current trading range and revisit highs at $0.000030 and $0.000032.If a breakout above this key barrier fails, Shiba Inu might persist in its current range with support near $0.000018 and $0.00002 for some time.team continues to build.
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