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Dog-themed cryptocurrency Shiba Inu (SHIB) 2025 has started on a positive note. SHIB began to rise significantly on the first day of 2025, rising from lows of $0.00002. The rally then gained momentum, peaking at $0.00002383 in today's trading session.
If your Shiba Inu ends the day's session in the green, he will have earned three consecutive days to start the new year.
The broader cryptocurrency market has been on the rise with many digital assets seeing significant gains. Cryptocurrency prices are rising again, with several Bitcoin alternatives outperforming as investors increase their holdings at the start of the new year. Altcoins tend to be more volatile than Bitcoin, resulting in higher profits and losses, which may explain the current trend.
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Cryptocurrencies' start to the year in the green can also be attributed to digital assets' historically strong performance in the first quarter.
This positive market sentiment has likely contributed to SHIB's recent performance. At the time of writing, SHIB is up 4.44% over the past 24 hours to $0.00002363 and up 10% weekly. Shiba Inu trading volume exceeded $500 million over the past 24 hours, indicating growing interest in the cryptocurrency market.
SHIB has reached 102 trillion, what's next?
It has brought elevation Gray To a critical scale where over 102 trillion SHIB are held by Shiba Inu addresses.
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According to IntoTheBlock Data102.57 trillion SHIB were purchased in the range between $0.000022 and $0.000024 at an average price of $0.000023 through 80,900 addresses.
The Shiba Inu is trading at the lower end of this range with a current price of $0.0000236. Moving forward, the Shiba Inu faces slight resistance until $0.000024 as 39 billion SHIB are held here.
The next major resistance for SHIB is in the range between $0.000024 and $0.00003 where 70 trillion SHIB are held at 207,630 addresses.
On the other hand, immediate support between the $0.000019 and $0.000022 range is expected in the event of a decline, as 28.77 trillion SHIB are held by 47,250 Shiba Inu addresses.
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