$SHIB
🚨 SHIB Price Action Shows Recent Strength Despite Burn Impact Questions 🚨
According to data from TradingView, Shiba Inu traded for $0.00001510 at the time of writing after pulling back from a $0.00001764 local high. SHIB’s recent high resulted from a 72.3% rally, which saw the meme coin overcome a dominant bearish pressure to climb above notable resistance.
Shiba Inu bounced off a $0.00001029 yearly low following a general crypto market recovery in the first week of April 2025. The bullish momentum pushed the meme coin above notable resistance, including the crucial $0.0000145 level, which it converted into support.
It is crucial to note that SHIB retested the support during the latest pullback despite diminishing trading volume. The level held strong, reflecting a return of buying momentum and a climb above $0.00015. However, the crypto asset’s users’ sentiment remains unpredictable at the time of writing.
Despite the landmark Shibburn achievement, most analysts believe it would take significant actions by investors for Shiba Inu’s bullish momentum to return in full. Nonetheless, the optimism level remains significant, riding on the recent rally that pushed the price out of the bear zone.