Shiba Inu (SHIB) Surges, Monsta Mash ($MASH) Tap-to-Earn Game Goes Live

Shiba Inu began surging on the last day of 2024. Its recent performance has sparked positivity among traders who are eyeing $0.00003 as the next milestone.

Shiba Inu (CRYPTO: SHIB) began surging on the last day of 2024. Its recent performance has sparked positivity among traders who are eyeing $0.00003 as the next milestone.

Pengu’s (CRYPTO: PENGU) RSI is sitting at 45.9, a decline from 68.3 on January 1, indicating a weakened momentum.

Shiba Inu Insights

At press time, Shiba Inu is trading at $0.000024, a decline of 1.62% in the last 24 hours. The market cap is down 1.7%, and the trading volume dropped by 45.29%.

Despite this slight dip, Shiba Inu’s performance has introduced positivity, as traders are eyeing the $0.00003 level as the next milestone. SHIB breaking above its resistance level could lead to a move above the $0.00003 mark.

Shiba Inu Surges Past Resistance Level, Next Target In Sight

Shiba Inu price is displaying a bullish outlook on the lower timeframes. The token has bounced off a crucial support zone and is now attempting to breach a critical resistance level. A breakout from this level could lead to a price surge towards the next target.

Shiba Inu price action on the 15-minute chart

After encountering strong selling pressure at the $0.000023 price level, Shiba Inu price dropped sharply. This decline was halted at the support zone between $0.000019 and $0.00002.

From this support zone, SHIB price began to rally, indicating a demand zone at this price range. The rally faced resistance at the $0.000022 price level, where selling pressure mounted once again.

However, buying pressure quickly stepped in and pushed Shiba Inu price to breach the resistance at $0.000022. This breakout was followed by a surge in buying activity, which drove SHIB price towards the next target of $0.000025.

If buying pressure remains strong and SHIB price manages to clear the $0.000025 resistance, the token could rally further towards the next price target at $0.000027.

However, if selling pressure intensifies at any of these resistance levels, Shiba Inu price may encounter difficulty in advancing further and could potentially experience a pullback.

Shiba Inu Price Analysis: Key Levels To Watch For The Next Move

Shiba Inu price is facing a crucial juncture on the lower timeframes. The token has encountered strong selling pressure at a critical price level, and its ability to breach this resistance will be crucial in determining its next move.

Shiba Inu price action on the 5-minute chart

Shiba Inu price encountered strong selling pressure at the $0.000023 price level. This selling pressure halted the token’s rally and triggered a price drop.

The decline in SHIB price was cushioned by the support zone between $0.000021 and $0.000022, where buying pressure emerged and halted the price drop.

From this support zone, buying pressure gradually increased and pushed Shiba Inu price to breach the resistance at $0.000022. This breakout was followed by a surge in buying activity, which drove SHIB price towards the next target of $0.000023.

If buying pressure remains strong and SHIB price manages to clear the $0.000023 resistance, the token could rally further towards the next price target at $0.000024.

However, if selling pressure intensifies at any of these resistance levels, Shiba Inu price may encounter difficulty in advancing further and could potentially experience a pullback.

PENGU Price Analysis

Pudgy Penguins is priced at $0.040620, a rise of 9.18% in the last 24 hours. The market cap is up by 9.62% and the trading volume increased by 72.41%. Despite this price increase, the community sentiment voted 72% bearish. Pudgy Penguins is predicted to rise by 231.04% and reach $0.137795 by February 4, 2025. PENGU recorded 58% green days over the last 30 days.

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