Shiba Inu (SHIB) Now Kicks Off 2025 with Strong Momentum, Showing an Impressive Growth

Alongside Shiba Inu's rise, the larger cryptocurrency market has been experiencing significant improvements as we usher in the new year.

Shiba Inu (SHIB) price kicked off 2025 with strong momentum, showing an impressive growth as it marks this as the third consecutive day of gains.

Many digital assets are experiencing price surges as we usher in the new year. This seems to be reigniting investor interest and driving growth throughout the sector.

Various altcoins, including Shiba Inu, are demonstrating robust performances.

Unlike Bitcoin, altcoins are known for their higher volatility, which often translates to greater opportunities for short-term profits. This characteristic is playing a crucial role in the current upward trend seen across the market.

Historically, the first quarter has proven to be a favorable time for digital assets, which might explain the prevailing positive sentiment at the beginning of 2025.

Shiba Inu: Key Levels to Watch

As of writing, Shiba Inu is trading at $0.00002413, showing a 2% increase over the past 24 hours and a striking 9% rise over the week.

Shiba Inu’s 24-hour trading volume has surpassed $550 million, highlighting the growing interest in this particular token.

The recent rally in Shiba Inu’s price has propelled it into a crucial trading range. This range, spanning between $0.000019 and $0.000024, is characterized by significant historical activity.

Approximately 80,900 addresses, holding an average of 4,000,000 SHIB, participated in transactions within this range. The average acquisition price for these transactions is $0.000023.

Currently trading slightly above this range at $0.00002413, Shiba Inu has successfully breached this minor resistance. However, it now faces the next major resistance zone, which lies between $0.000024 and $0.00003.

Within this zone, over 70 trillion SHIB tokens are held by 207,630 addresses.

Should a price correction occur, Shiba Inu possesses strong support levels between $0.000019 and $0.000022.

Data suggests that around 28.77 trillion SHIB tokens are held by 47,250 addresses within this range.