June 19 (Cointime) - Shiba Inu (SHIB) experienced a surge in price in February 2023, but has since been on a downward trend with occasional upward movements. Last week, SHIB hit a new low for the year, but then unexpectedly reversed the trend and broke through a key resistance level on June 19.
As of press time, SHIB's price is at $0.00000729, with a gain of 1.5% in the past 24 hours. Despite the recent rebound, SHIB remains down by more than 9% year-to-date. Additionally, SHIB has reached rank 1 in terms of social and market activity on LunarCrush, with over 1 trillion tokens transitioning from being in the red to generating profits.
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