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Title: 41 Trillion SHIB Range Hit: What Comes Next for Shiba Inu Price?
The recent surge in the cryptocurrency market has seen Shiba Inu’s price tick higher, with the asset surpassing key technical levels. As a result, the 41 trillion range has been hit, leaving many wondering what comes next for Shiba Inu’s price.
As the broader market continues to gain momentum, Shiba Inu’s price is closely watching the daily SMA 50, which previously capped its growth since December 2024. A decisive break above this level could potentially trigger further gains, while a drop would extend the current consolidation phase.
In recent sessions, Shiba Inu has steadily moved higher, driven by improved investor sentiment following Monday’s market rally. This surge saw major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) rise, with many anticipating increased adoption and institutional investment in the crypto space.
It is essential to note that any investment and trading involves risk, so investors should always conduct their own research before making decisions.
Source: https://u.today/41-trillion-shib-range-hit-what-comes-next-for-shiba-inu-price
