The cryptocurrency Shiba Inu (SHIB) has seen a significant price surge recently attributed to increased buying pressure. The price of SHIB has been steadily rising since October and is currently hovering around the $0.00002 mark, which is seen as a significant resistance point. The surge in SHIB is part of a broader trend of meme coins gaining attention this week. Traders are showing interest in high-leverage speculative meme coins as Bitcoin approaches the $70,000 mark. SHIB is currently trading just below the $0.000020 resistance level, with a substantial amount of the token being held in that range. If SHIB can break through the $0.00002 resistance level, it could potentially see further gains, but if it fails to sustain this level, a pullback may occur. Technical analysts are closely monitoring SHIB's price action to determine whether the breakout level will hold.



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