As of April 29, 2025, Shiba Inu (#SHIBA🚀 ) is trading at approximately $0.00001374 USD, reflecting a modest increase of about 1.18% over the past 24 hours.
Recent market activity indicates a resurgence in SHIB’s momentum. Notably, there has been a significant uptick in large transactions, with 2.6 trillion SHIB tokens—valued at approximately $48.8 million—transacted within a 24-hour period, suggesting increased activity from major investors.
Technical analyses are pointing toward potential bullish trends. Some analysts predict that SHIB could experience a substantial rally, possibly reaching price levels around $0.00003, contingent upon favorable market conditions and sustained investor interest.
Furthermore, SHIB’s strong correlation with Bitcoin (#BTC ), currently at 0.82, implies that positive movements in BTC could positively influence SHIB’s price trajectory.
In summary, while #SHIB is showing signs of renewed strength, investors should remain cautious and monitor market developments closely, as cryptocurrency markets are inherently volatile and influenced by a myriad of factors.