- Shiba Inu (SHIB) experienced a notable 26% surge amidst a broader market recovery,.
- Despite facing resistance at $0.000045, SHIB initiated a recovery effort, aiming to sustain levels above $0.000030.
- SHIB’s technical indicators suggest a predominantly bullish outlook, with potential for a rally.
Shiba Inu (SHIB) has seen a notable surge of 26% amidst the current market rebound, signaling a strong drive towards the crucial threshold of $0.00003.
SHIB surpassed market expectations by rallying 378% from $0.000009536 on February 23 to achieve a multi-year high of $0.00004563 on March 4. Encountering resistance at the $0.000045 high, SHIB witnessed a retracement. The broader market followed suit in the drop, particularly noticeable on March 14 when BTC also experienced a correction from its recent all-time high above $73,000.
Seeking to capitalize on the momentum of the market’s potential recovery, Shiba Inu initiated a rebound shortly after testing the support level at $0.000023 on March 16. After dropping to $0.00002380 amid a 15% decline on March 16, SHIB swiftly began a recovery effort, surging to a peak of $0.00003020 on March 17, marking a significant 26% gain from the previous low.
Despite slightly dropping from the $0.00003 threshold, SHIB retained the $0.000029 level, ending March 17 with a 16% gain. The primary objective of this recent recovery push is to reclaim and sustain levels above $0.000030.
However, Shiba Inu has encountered opposition in its recent rally. The token is down 1.46% today, though it maintains a 13% gain over the past 24 hours, positioning it as one of the top gainers among the top 100 crypto assets during this period. With the current price standing at $0.00002914, Shiba Inu has managed to recover 22% of its value since dropping to $0.00002380.
Read also:
The post Shiba Inu Surges Over 25% Amid Crypto Market Recovery appeared first on Crypto News Land.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed