The Shiba Inu (SHIB) cryptocurrency has seen an 8% rise in the past 24 hours, reversing a previous sell-off earlier in the week. Currently priced at $0.0000123, this rebound follows four consecutive days of losses. Approximately 34% of Shiba Inu addresses are profiting, 4% are breaking even, and 62% are losing money. The wider cryptocurrency market, including Bitcoin and Ethereum, is also experiencing a recovery. Inflation rates were lower than projected in February, which has positively impacted cryptocurrency prices. If the upward momentum continues, SHIB may reach important resistance levels, while support is anticipated at $0.000010 in case of a drop.



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