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Shiba Inu (SHIB) Eyes Multi-Month High as Volume Jumps 17%
In a recent announcement, the popular meme-based cryptocurrency, Shiba Inu (SHIB), has been making waves in the market with its impressive performance. The token’s price has shown significant growth over the past few days, and it is now on track to reach a multi-month high.
As per the latest data available, SHIB’s trading volume has jumped by 17% compared to the previous day, which could be a sign of increased buying pressure in the market. This sudden surge in buying demand has pushed the token’s price above its recent lows and is expected to continue rising if this trend sustains.
The Shiba Inu community remains optimistic about the future prospects of their favorite meme coin. They believe that the current growth momentum will lead to a multi-month high, as there have been no reports of any significant sell-offs or whale dumps in the market.
In fact, the token has already gained 22% since the start of January, which is an impressive performance given the overall cryptocurrency market’s recent bearish trend. This upward surge in price has seen SHIB climb above its major resistance levels and could potentially set the stage for a new wave of growth in the days to come.
The team behind Shiba Inu continues to make efforts to create a comprehensive ecosystem, ensuring that their community can grow even further.
Source: u.today
