Shiba Inu (SHIB) is making a strong comeback in the crypto space! After a period of sideways movements, momentum indicators are reflecting increasing activity, which may indicate an approaching significant move.
Latest news:
The Shibarium platform continues to expand, with increasing use of the network for decentralized transactions.
An 18% increase in the number of SHIB holders over the past two weeks, showing growing confidence in the project.
Increasing daily burn of tokens, reducing supply and supporting future prices.
Technical outlook:
SHIB price is currently holding above the support level of $0.00001444, and if it breaks the nearby resistance at $0.00001501, we might see a strong surge towards $0.00001525.
Indicators like RSI and MACD support a positive short-term scenario, with growing momentum on smaller time frames.
Current trading opportunities:
For speculators: a smart entry during the correction towards support, with an initial target near resistance.
For investors: gradual buying seems to be a good option, especially with the development of the Shibarium ecosystem and the focus on NFT and DeFi projects.
Summary:
SHIB is no longer just a meme coin... the project is gradually transforming into a comprehensive ecosystem. With positive news and technical momentum, the next surge could be strong. Will you be among the riders of the new SHIB wave?