SHIB Jumps Nearly 7% as Bulls Break Through Resistance on Heavy Buying

The Shiba Inu (SHIB) token has shown resilience amid market volatility, surpassing key resistance levels and maintaining a position above major moving averages, according to CoinDesk Research's analysis. While 80% of SHIB holders are currently at a loss, community enthusiasm persists as development continues on Shibarium, enhancing its utility. Recent trading showed a notable price range and volume spikes, indicating strong buying interest, despite some short-term consolidation. With momentum indicators suggesting bullish sentiment, SHIB remains an intriguing asset for investors looking to explore its potential further. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk