Potential Price Targets and supports -
Support Zone $.00000640 - $.00000760
Target 1: $.00000850
Resistance 1 / Fib level .618: $.00000912
Target 2: .000001480
Major Volitility Zone: $.000015-.00003405
Previous Top Resistance: $.00006075
SHIB is the main token of the Shiba Inu ecosystem, bringing the power of a decentralized, community-led currency to millions across the globe. Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon, and is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries.
Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming.
This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin. Vitalik Buterin was long believed to be the originator of Shiba Inu, but denied such rumors on the Lex Fridman podcast on June 5, 2021.