SHIB Price Analysis: With An Extended Rally, Will Shiba Inu Reach $0.000013?

With a 62.92% gain in the last 60 days, the Shiba Inu coin price remains one of the most successful coins in the crypto industry. Currently, the Shiba Innu coin price trades slightly above the psychological mark of $0.000010 with an intraday gain of 3.52%.

Timeline of Shiba-inu

The official X account of the leading meme coin Shiba Inu has announced that the SHIB community should not expect to have a "quiet week ahead" since the word "quiet" is not on their vocabulary.

According to the latest insights from the IntoTheBlock Indicator, a staggering 100 trillion SHIB are circulating around the present price range. Such a colossal volume, transacting at this narrow price bracket, suggests the possibility of a significant resistance level forming for Shiba Inu.

Shiba Inu (SHIB) has emerged as a star player in the face of tumultuous currents in the crypto market, signaling a potential game-changing move on the horizon. Bolstered by a robust 28% surge in price over the past eight days, SHIB is now at the precipice of what traders refer to as a “Golden Cross,” a technical pattern that could herald further significant gains.

According to data provided by the Etherscan tracker, over the past 60 minutes, whales have managed to transfer a whopping 44 billion SHIB. These billions of Shiba Inu were moved in 12 transactions, each carrying from one billion to eight billion SHIB.

Shiba Inu, the hot topic in the crypto market lately, is making waves with its recent price movements. Just a week ago, it trimmed a zero from its price and got closer to $1, currently trading at $0.00001087. This has led to a steady 15% price growth.

Shibburn meme crypto tracker has shared that within the past 24 hours, the Shiba Inu community has succeeded in setting fire to more than 700 million SHIB. Approximately 50% of it was destroyed in just a single transaction.

The cryptocurrency world is no stranger to volatility, with new tokens emerging and old ones fading away. Yet, amidst this ever-changing landscape, Shiba Inu (SHIB) has managed to carve a niche for itself.

Shiba Inu's Layer-2 Shibarium mainnet release speculation has led to a massive rise in the SHIB burn rate. Shiba Inu self custodial cold storage wallet Tangem has joined the burn campaign.

Bankrupt crypto lender Voyager Digital has moved almost $6 million in Ethereum and Shiba Inu tokens to Coinbase. The asset movement has led to SHIB's price dropping by around 5% in the last 24 hours.

Shiba Inu (SHIB) known for its meme-inspired origin has captured the attention of investors and enthusiasts alike. Now, as the countdown to the launch of Shibarium begins, the Shiba Inu ecosystem is poised to achieve another significant milestone.