Shiba Inu (SHIB) surged over 11% this week, with speculations rife about the altcoin reaching $0.000021. The cryptocurrency is trading at around $0.00001936 with a market cap exceeding $11.4 billion. Market indicators suggest a breakout, with SHIB’s 50-day and 200-day moving averages converging, possibly signaling a “golden cross” to drive the altcoin higher.
According to IntoTheBlock statistics, SHIB token holders have increased their holding time, with the average time held rising by 176.39% in the past week and 428.30% in the last month. This indicates growing confidence among SHIB holders and potential for the cryptocurrency to break past the $0.000021 mark.
