Shiba Inu (SHIB) Market Cap Recovers to $10.18B, Outranks Avalanche (AVAX) in Market Rankings

The price of the popular cryptocurrency Shiba Inu (SHIB) posted its best weekly performance since April 15, with an increase of over 10% over the past

Shiba Inu (SHIB) price showed its best performance for the past week It has increased by more than 10 percent in the last seven days. As a result of this development, the market value of the popular meme-inspired cryptocurrency increased to $10.18 billion, taking the 12th place in the ranking of the best cryptocurrencies published by CoinMarketCap.

Also, SHIB, which emerged as a meme cryptocurrency, thus ranked Ethereum in the market ranking It surpassed Avalanche (AVAX), a comprehensive Layer-2 blockchain solution built on .

What's next for the Shiba Inu token? SHIB's current price is reflected in the level of buying activity this week. However, the next steps will depend on the Shiba Inu token breaking a strong resistance level at $0.00001833.

If this happens and the weekly candle closes above this price point, it will confirm the bullish trend for SHIB. This could push SHIB prices even higher, up to $0.00003, where the next major resistance level lies.

As the Shiba Inu continues to gain traction in the cryptocurrency space, market watchers are closely monitoring its performance. With strong weekly gains and a focus on key resistance levels, the coming days will be crucial to see whether SHIB can maintain its momentum in such a competitive market and consolidate its ranking further.

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