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Shiba Inu has joined the list of memecoins that have witnessed an increase with the rise of Bitcoin. According to CoinMarketCap data, Shiba Inu experienced an increase of nearly 7% in the last 24 hours.
Shiba rises with Bitcoin
As Bitcoin continues to approach $60,000 day by day, we started to see increases in altcoins as well. Cryptocurrencies such as PEPE, FET, XRP and Ethereum are continually bringing gains to their investors with the rise. Additionally, Shiba, which was a popular cryptocurrency in the previous period, is also seeing a rise. SHIB experienced nearly a 7% increase in the last 24 hours, bringing joy to its investors with an increase of 17% over the last week.
Looking at Shiba’s 4-hour chart, we can see that there is significant upward momentum. Moreover, the support level appears to be at 0.0001080, with resistance at 0.00001183.
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