Over Half Quadrillion SHIB in Play: What Happens Next?
Main Idea
Shiba Inu (SHIB) has experienced a significant price rally, with potential for further increases if key resistance levels are breached, while also facing risks due to overbought conditions.
Key Points
1. Shiba Inu's price rose from $0.00001275 on July 15 to $0.00001579, marking a 32% monthly increase, its largest rally since February.
2. Trading volume increased by 30.31% in the last 24 hours, reaching $693.49 million, with the market cap approaching $9 billion.
3. A critical price range of $0.000015 to $0.000019 holds 502.7 trillion SHIB, which could act as a launchpad for further gains if bullish momentum continues.
4. If SHIB reaches $0.000024, it could see a 60% increase, but the RSI indicates overbought conditions, suggesting potential price volatility.
5. Support is emerging at $0.000014 to $0.000015, where 14.45 trillion SHIB are held by 31,890 addresses, providing a potential buffer against price drops.
Description
In this scenario, Shiba Inu might see 60% increase
Latest News
- 'Bitcoin Defense Department' – Saylor Unveils Tools for Further Bitcoin Accumulation2025-07-23 14:14:30
- 200 Trillion Shiba Inu (SHIB) In Profit: This is Major Sign2025-07-23 14:10:47
- Vitalik Buterin Expects Harmful Aftermath of AI Usage: Details2025-07-23 13:16:56
- Ripple Exec Breaks Down Stablecoin Bill’s Impact on Crypto Market2025-07-23 13:13:04
- XRP is Backed Up to Hit $4: Details2025-07-23 12:35:04