The value of SHIB has jumped by 8% in the last 24 hours, reaching $0.00001579. Technical analyses show the formation of a 'rounded bottom' pattern, with attention focused on the resistance level at $0.00001600.
- A breakout of this level could lead to a rise towards $0.00001764, possibly $0.000024.
- Analysts also point to an increase in the accumulation of the currency and a decrease in selling pressure recently.
- If this trend continues and SHIB remains above $0.00001562, the outlook remains positive.
As the operational momentum for SHIB benefits from the expansion of the Shibarium system, it enhances user activity. These factors together indicate that the currency may be on the verge of a significant move if it maintains current support levels.