Shiba Inu Bulls (SHIB) Set New Target, Breaking Another Zero Amid 60% Jump

Shiba Inu (SHIB) has surprisingly maintained its resistance above the $0.00003 resistance level as it combined a combination of its fundamentals with broader market enthusiasm. With the current price outlookShiba Inu is looking to clear another zero as the next big target set by its bulls, a mission that can be achieved, building on its over 60% jump in the week-to-date (WTD) period.

At the time of writing, Shiba Inu is changing hands for $0.00003505, up 4.05% in the last 24 hours. Price metrics have shown interesting trends over the past week, moving from a low of $0.00001998 on March 3 to a high of $0.00004533 on March 5, joining Bitcoin (BTC) as the top digital currency to reach its first definitive all-time high (ATH) above $69,100.

The reversal in Shiba Inu price came as a knee-jerk selling reaction as most long-term HODLers took profits following the coin’s rise to levels not seen in two years.

Shiba Inu price is capitulating with an intriguing buying trend shown by the over 36% increase in trading volume to $4,796,986,307.

Removing another zero

For Shiba Inu, its growth has been slowed for a long time, and although it is trading at a price last seen in January 2022, its ambitious Shiba Army has a higher goal. Removing a zero from its price will push SHIB to trade at $0.0001, a price that will mark a new ATH from its previous reading of $0.00008845.

With many analysts projecting a major rally in this current bull market cycle and the positive turn it will take in altcoins, Shiba Inu is poised to capitalize on these external fundamentals to reach unprecedented levels. His growth will also be sutured by his burn rate and whale actions across the board.