CandleFocus Shiba Inu (SHIB) Market Cap Flips Avalanche After Breaching $0.000018
2024-10-29
Author: Content Editor
Shiba Inu's market cap has surpassed that of Avalanche after a 7% price increase, making it the 12th most valuable cryptocurrency. Shiba Inu's price increase and a drop in selling pressure contributed to this flippening. The social dominance of Shiba Inu and sustained social engagement could attract new investors and drive further price growth. Shiba Inu has successfully broken out of a symmetrical triangle pattern, indicating the potential for further upward movement. If it can avoid falling back into the channel, the price might climb to $0.000020 or even $0.000026, surpassing Cardano's market cap. However, failure to surpass resistance at $0.000020 could pull the price back to $0.000014.
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