Shiba Inu (SHIB) Skyrockets 15% in Epic Market Rebound; What Comes Next

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The dog-inspired cryptocurrency Shiba Inu (SHIB) has seen an incredible surge, surging 15% in 24 hours as the market rebounded. This sudden recovery has caught the attention of the crypto community, raising questions about the future of SHIB.

Shiba Inu hit support at a low of $0.0000127 during Friday’s trading session before rebounding sharply and reversing the previous negative trend. The rebound continued up until the time of writing, with SHIB up 15.27% to $0.00001538 in the past 24 hours.

The overall crypto market sentiment suddenly improved, contributing to positive movement in various digital assets, including SHIB. Increased activity from large holders, known as “whales,” led to a 197% increase in inflows into SHIB. Into the Block They are stealing data and inflating prices.

The Shiba Inu community is extremely active and continues to support the token. The anonymous Shiba Inu project leader, Hidetoshi Kusama, made his first public appearance at the IVS conference in Kyoto. Photos and videos of Kusama taken by the SHIB community quickly spread across social media.

Kusama visited the Shiba Inu booth and interacted with the Shiba Inu community and other cryptocurrency enthusiasts, but did not reveal his true identity. The mysterious Shiba Inu leader was dressed in a black haori samurai outfit and a Batman-style mask. The enthusiasm of the Shiba Inu community may have sparked new interest in SHIB.

What does the future hold for Shiba Inu?

As Shiba Inu rebounds, the market is closely watching the SHIB chart for key levels that will indicate the next price movement.

However, for SHIB to maintain its upward trajectory, the overall cryptocurrency market must continue to perform well. A stable, bullish market environment is crucial to SHIB’s continued growth.

If SHIB price maintains its current rebound, it will face its next major hurdle at between $0.000015 and $0.000019, where 433.96 trillion SHIB is held by 83,560 addresses, according to IntoTheBlock. dataIf SHIB price turns down, the $0.000014 level will be watched as intermediate support.

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Tomiwabold Olajide

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