Shiba Inu (SHIB) has made headlines by skyrocketing above the $0.000030 mark, marking a significant milestone for the meme coin. With a massive trading volume of $7.3 billion, SHIB has captured the attention of the crypto world. On the same day, XRP also experienced a strong price increase, adding to the excitement in the crypto market.
Shiba Inu’s price has breached the $0.000030 level, a key psychological and technical milestone. The surge was accompanied by a staggering $7.3 billion in trading volume, showcasing intense market activity and investor interest.
SHIB/USDT 15-mins chart - Bitget
Such high trading volumes are crucial as they indicate liquidity and market confidence. A high volume means more buyers and sellers are active, reducing price volatility and increasing the likelihood of sustained price movement. For SHIB, this volume demonstrates strong demand and the potential for further price appreciation.
While Shiba Inu’s breakout dominated the headlines, XRP also saw significant price action on the same day . XRP’s upward trajectory highlights broader market momentum, as both tokens benefit from increased investor enthusiasm and positive sentiment in the crypto space.
Shiba Inu’s next immediate target is $0.000040, with a secondary target at $0.000050. Achieving these levels would mark significant gains for SHIB investors and further solidify its position among top-performing cryptocurrencies.
SHIB/USD 4-hours chart - TradingView
To maximize returns while managing risks, traders should consider these strategies: