Can Shiba Inu (SHIB) Hold Its Crucial Support Level?

Quick Summary:

Shiba Inu (SHIB) has hit a weekly low of $0.00002047, recording a 3% decline in the past 24 hours, while its trading volume dropped by 34%.

Over the last month, the token has fallen by 24%, reflecting broader market trends influenced by significant selling pressure.

Analysts believe that holding above this level could spark a rally, potentially driving it to $0.00003939—a rise of 80%—over time.

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Article Details

Author / Journalist: Janani

Category: Crypto

Markets: United Arab Emirates

Topics: Cryptocurrency Altcoin SHIB Altcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 12:32:09 (20 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 313 words

Reading Time: 2 minutes read

Sentences: 30 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 25002532

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 33 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 14 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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