Shiba Inu (SHIB) has started 2025 with a notable upward trend, sparking discussions about the possibility of the token reaching the $0.00003 level. Despite its positive performance, SHIB must overcome significant resistance levels to sustain its rally.
At the time of writing, SHIB is priced at $0.00002432, reflecting a 2% increase over the past 24 hours and a 9.84% rise over the past week. This growth follows the token’s upward movement from a low of $0.0000218 on the final day of 2024.
If SHIB closes today in positive territory, it will mark its fifth consecutive day of gains, with the rally peaking at $0.00002492 during Saturday’s trading session.
Resistance Levels Hindering Progress
The journey toward $0.00003 requires Shiba Inu to overcome critical resistance zones. The first significant hurdle is near the daily SMA 50 at $0.0000255. Data from IntoTheBlock indicates that 80.34 trillion SHIB, acquired by 95,190 wallets at an average price of $0.000025, creates a notable resistance barrier.
There are more barriers between $0.000026 and $0.00003, where 45.03 trillion SHIB are held by 140,790 addresses. This accumulation forms a substantial sell wall, presenting another obstacle for the token to break through before testing the $0.00003 level.
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Social Activity and Market Sentiment
Renewed interest in meme coins has contributed to Shiba Inu’s rally. According to LunarCrush analytics, meme tokens have seen an increase in social activity, with SHIB emerging as one of the leading assets in community engagement. This heightened social interest has bolstered its recent price performance.
Shiba Inu’s gains align with a broader bullish sentiment in the cryptocurrency market, which has driven significant price appreciation across various assets. This environment has provided an additional tailwind for SHIB’s upward momentum.
Broader Implications
Breaking through the resistance levels at $0.000025 and $0.00003 could pave the way for further gains, potentially allowing Shiba Inu to surpass its immediate targets. Sustained growth in social activity and market support will likely play a critical role in whether SHIB achieves these milestones.
As Shiba Inu continues to draw attention, analysts and traders are monitoring its price movements closely. The coming weeks will reveal whether SHIB can maintain its upward trajectory and achieve the $0.00003 mark, setting the stage for further developments in its market performance.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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The post Shiba Inu Targets $0.00003: Here Are Key Resistance Levels appeared first on Times Tabloid.
