In February 2023, the price of Shiba Inu (SHIB) experienced an astonishing surge, propelling the meme coin to the highest point this year. Still, since then, the trajectory of SHIB’s price has predominantly been on a downward trend, punctuated by sporadic upward breakouts.
last week, the meme coin saw another price slump, falling to a new low this year. However, in an unexpected turn of events, this price dip was followed by an impressive downtrend reversal, with SHIB’s price breaking above a key resistance level on Monday, June 19.
At press time, Shiba Inu’s price stands at $0.00000729, after the meme coin pierced through a vital resistance threshold at $0.000007. In the past 24 hours, SHIB gained around 1.5%.
SHIB breaking through a key resistance level. Source: Twitter
On a weekly chart, SHIB gained more than 11%, marking a significant price rebound from $0.00000656, and adding nearly a $1 billion in market cap during that period.
SHIB 1-week price chart. Source: Finbold
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We współpracy z: https://finbold.com/shib-to-the-moon-shiba-inu-soars-10-in-a-week-breaks-key-resistance/
