Shiba Inu The price recently broke the resistance level at $ 0.00001 and managed to erase another zero from its digit. While the community continued the burning at full speed using Shibarium and their personal powers, this increase in price was received very positively.
The last rise in price was not only an important resistance level, but also was very important in exceeding psychological levels. This psychological resistance was overcome as the price exceeded $0.00001. Although the price still remains below expected levels, investors seem to have become more positive.
Despite the positive growth in Shiba Inu prices and moves in breeding, SHIB is still behind the desired dynamics. The burn rate continues to remain low despite the recent contribution of Shibarium.
Whale activity remains below the expected fluctuation and is far from signaling a positive change in the market. Therefore, it is not easy to clearly define the reason for the recent increase in price. This rise has typically been in line with the rise in the crypto market.