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Title: Massive $2.57 Billion SHIB in Green Amid Shiba Inu 15% Jump
The cryptocurrency market has seen a remarkable turn of events, with SHIB experiencing a significant surge in the past few days. As we speak, massive investments worth $2.57 billion have been made in the digital asset, signaling a strong bullish sentiment.
The recent gains are nothing short of astonishing, as SHIB has risen for four consecutive days and is on track to make it five. This upward momentum allowed SHIB to surpass its daily SMA 50 at $0.00001416, a level that had previously capped its price since December 2024.
As the digital asset regains bullish sentiment, market participants are keeping a keen eye on key resistance levels, with the daily SMA 200 at $0.00001916 taking center stage as a critical barrier to watch. The community will also be closely monitoring whether SHIB can sustain its gains above the daily SMA 50 and potentially flip it into support.
The coming days will likely be filled with intense speculation about the digital asset’s next move, with many eyeing potential for further gains if this bullish momentum continues.
Read more on U.Today
Source: https://u.today/massive-257-billion-shib-in-green-amid-shiba-inu-15-jump
