$SHIB breaks an important resistance, but it is not clear if it will be able to stay above it
seems to be holding steady, demonstrating resilience amid market volatility. SHIB, notably, is maintaining a price above its local resistance level at roughly $0.000008. This price stability, amid the broader market reversal, is a promising sign for SHIB's investors.
The stability follows a substantial price surge that Shiba Inu experienced after the favorable court decision involving Ripple's XRP token. As the positivity from the XRP case reverberated across the crypto market, several cryptocurrencies, includingContrary to other cryptocurrencies, Shiba Inu has managed to uphold the price level reached post-surge, prompting market analysts to question the potential for a long-term run.
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