Shiba Inu
($SHIB) has shown strong performance recently, with a price surge of over 29% in the last month, and it’s riding the wave of optimism that is fueling the October crypto market, often referred to as “Uptober” . Despite some short-term volatility, SHIB has gained renewed attention due to a 17.54% jump in trading volume, suggesting increasing investor interest .
Technically, SHIB is receiving neutral-to-bullish signals, with strong support levels and several technical indicators favoring a positive outlook. However, it faces resistance around $0.000019 . In addition, the development of the Shibarium ecosystem and new projects like ShibaCon are helping drive momentum .
The broader meme coin market is also heating up, with new entrants like Cutoshi gaining traction, but Shiba Inu remains a key player . However, investors should stay cautious given the inherent volatility of meme coins.
$SHIB $KOKO @koalaaivip
