Shiba Inu recently registered persistent intraday gains for nine consecutive days, marking the first time the asset is hitting this feat since its launch.
While Shiba Inu (SHIB) has failed to retain a solid position above the $0.0000080 territory, it has been making bullish moves over the past few days. This bullishness is evident in its latest feat, as it registered nine consecutive intraday gains for the first time in history.
Shiba Inu Gains from June 15 to 23
Following the persistent declines observed at the start of June, SHIB dropped to a shocking low of $0.00000543 on June 10. The last time Shiba Inu saw this low was in September 2021. After the dip, the asset set out for recovery, towering above $0.0000060. However, SHIB faced resistance below the $0.0000070 level.
The ensuing market-wide rally provided enough support for an extensive run. As a result, Shiba Inu started posting intraday gains from June 15. Building on past gains, SHIB eventually established a firm position above $0.0000070 on June 18. This was its fourth day of consecutive gains.
Shiba Inu sustained the rally, finally towering over the $0.0000080 level on June 22 for the first time in two weeks. Despite opposition stationed by the bears on that day, Shiba Inu closed the day with a 3.31% gain. While this marked its eighth day of sustained gains, SHIB closed June 22 below the $0.000008 threshold.
It bears mentioning that June 22 presented resistance to the market-wide rally. Most assets declined that day, including bitcoin (BTC), ether (ETH), and XRP. However, SHIB exhibited unique resilience, retaining its winning streak.
On June 23, the market eventually recovered, leading to massive gains across several ecosystems. Capitalizing on this campaign, Shiba Inu posted another intraday increase. This represented its ninth consecutive intraday gain.
The Much-Coveted $0.000008 TerritoryÂ
Despite SHIB’s historical nine-day winning streak, the asset failed to hold above the $0.0000080 price. The bears broke the winning streak on June 24, as Shiba Inu ended the day with a 1.64% decline. This loss led to a displacement from the $0.0000080 level.
SHIB is now changing hands at $0.00000775 as of press time, down 1.40% in the last 24 hours. Without further support from the broader market, Shiba Inu is looking to leverage bullish developments within its ecosystem to have a go at the $0.000008 price again.
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