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Shiba Inu (SHIB), the popular dog-themed cryptocurrency, has kicked off 2025 on a bullish note. Starting the year at $0.00002, SHIB has steadily gained traction, hitting a new high of $0.00002425 today. This marks its potential third consecutive day of growth, fueling optimism among investors.

The broader cryptocurrency market is experiencing a resurgence as 2025 unfolds, with many digital assets posting significant gains. Altcoins like Shiba Inu are leading the charge, capitalizing on their higher volatility to deliver greater opportunities for short-term profits. Historically, the first quarter often brings positive sentiment to the crypto sector, adding to the current rally’s momentum.

SHIB’s Recent Milestone and Trading Activity

At the time of writing, SHIB is trading at $0.00002425, reflecting a 2% daily increase and a notable 9% weekly gain. Its 24-hour trading volume has surpassed $550 million, signaling heightened investor interest.

A major milestone for SHIB is its position within a critical trading range. Data from IntoTheBlock reveals that approximately 102.57 trillion SHIB tokens were acquired between $0.000022 and $0.000024 by over 80,900 addresses, with an average acquisition price of $0.000023.

Trading slightly above this range, SHIB has overcome mild resistance but now faces a significant challenge at $0.000024 to $0.00003. This range involves over 70 trillion tokens held by 207,630 addresses, presenting a hurdle for further upward movement.

Support Levels and Market Outlook

In the event of a pullback, SHIB boasts strong support between $0.000019 and $0.000022, where 28.77 trillion tokens are held by 47,250 addresses. These support levels provide a solid foundation should selling pressure emerge.

Also Read: Shiba Inu Set to Launch TREAT Token on January 14: Market Buzz and SHIB Price Surge Ahead

The overall strength of the crypto market at the start of 2025 is creating a favorable environment for assets like Shiba Inu. However, SHIB’s ability to sustain its upward trajectory will hinge on its performance in critical resistance zones and continued investor engagement. As the market sentiment remains positive, SHIB’s progress will be closely watched by traders and enthusiasts alike.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.