Shiba Inu Hits 4M Addresses: Price Trends and What’s Next

• Shiba Inu hits four million total addresses, showing rising adoption.
• Approximately 1.3 million SHIB addresses hold a balance, suggesting a growing user base.
• SHIB faces resistance near $0.00002953 and possible support between $0.000025 and $0.000026 amid market fluctuations.

Shiba Inu (SHIB) has recently achieved a significant milestone, surpassing four million total addresses. This development highlights a surge in adoption and interest in SHIB. 

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Of these four million addresses, approximately 1.3 million currently hold a balance of SHIB. The increase in the number of addresses with active balances indicates a strengthening user base, which is generally regarded as a positive sign for the asset’s future prospects.

Looking ahead, this achievement could pave the way for continued growth and innovation within the Shiba Inu ecosystem. With the community expanding and new use cases emerging, SHIB appears poised to seize opportunities for further adoption and integration into the broader digital economy.

However, recent price action in the cryptocurrency markets has been less optimistic, with a decline following a rally on Monday. Bitcoin’s drop has had a ripple effect across various cryptocurrencies, including SHIB, which has seen a 3.13% decrease in the last 24 hours, trading at $0.00002783 at the time of writing.

Despite this setback, SHIB has shown signs of resilience, with resistance forming near the $0.00002953 level. Failure to surpass this resistance could potentially limit further upside for SHIB, though a confirmed breakthrough could propel its price toward $0.00003285. In the event of a downward move, SHIB may find support in the $0.000025 to $0.000026 range, where a significant number of addresses have previously bought into the asset.

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