This may include adverts from us and 3 rd parties depending on our understanding. The so-called dogecoin killer has surged almost 200 percent since the week October 4 starting with an unprecedented new high of $0.000025 at this moment. The sudden bullish impulse caught many market users by surprise after more than 100 days of stagnancy. However, behaviour analytics platform Santiment suggested crowd hype which increased in tandem with the price which is usually followed by a steep correction.
The IntoTheBlocks s in Out of the Money Around Price IOMAP model shows that $0.000021 represents a strong foothold for the asset. More than 10,000 addresses have purchased more than 630 billion SHIB in the previous period around this price level. Such a decisive demand wall suggests that a further drop below this level could lead to more losses. This would mean that Shiba Inu could sell for $0,000017 or even $0,00115.
Why didn't Shiba Inu explode? Shiba Inu spin-off cryptocurrency Dogecoin has now surged by around 8,000 percent in the last year and has increased 45 percent since Monday. The latest price jump was attributed to Elon Musk who tweeted a photo of his dog on Monday.