๐ SHIB Market Snapshot (May 8โ10, 2025)
Price Movement:
May 8: $0.000013 (Open), $0.000015 (Close)
May 9: $0.000014 (Open), $0.000016 (Close)
May 10 (Current): Trading around $0.00001520
Market Cap: Approximately $8.95 billion
24h Trading Volume: Over $632 million
๐ฅ Key Highlights:
Bullish Breakout: SHIB experienced a 15% rally, breaking above a multi-week descending trendline, signaling renewed buying interest.
Increased Inflows: Large holder inflows surged by 2,952%, indicating significant whale activity and potential for a major move.
Community Optimism: SHIB's marketing lead projected a potential 1,000% surge within three days, aiming for a new all-time high.
๐ Technical Indicators:
Resistance Levels: Key resistance observed around $0.000015, with potential upside targets at $0.00002215 and $0.00002724 if bullish momentum continues.
Support Levels: Strong support established near $0.0000135, previously a dense resistance band.
๐ Encouragement for Traders:
With SHIB's recent bullish breakout, increased whale activity, and optimistic community sentiment, the token is showing strong potential for further gains. Traders on Binance might consider this an opportune moment to engage with SHIB, keeping an eye on the key resistance and support levels mentioned.
