Shiba Inu Shows Potential for Further Gains Amid Rising Volume and Key Price Range Testing
2025-07-18 11:58:25
Main Idea
Shiba Inu (SHIB) has shown significant price growth, breaking key resistance levels with a 32% surge in July, driven by rising trading volume, market cap growth, and AI initiatives within its ecosystem.
Key Points
1. Shiba Inu's price surged from $0.00001275 to $0.00001579 in four days, accompanied by a 30.31% increase in trading volume, reaching $693.49 million.
2. SHIB's market capitalization is nearing $9 billion, marking its strongest monthly gain since February.
3. Key resistance levels between $0.000015 and $0.000019 are critical, with potential for further gains if the price sustains above this range.
4. Holder distribution data suggests a possible 60% price increase to $0.000024 if SHIB breaches the $0.000019-$0.000024 range.
5. Support levels between $0.000014 and $0.000015 could influence SHIB's near-term price trajectory.
Description
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