Attention, people! 🚀 Ready for a deep dive into the world of memecoins? Because today we're going to unveil whether Shiba Inu (SHIB) is ready for an epic comeback. Hold on tight!
Get ready, because although the price of Shiba Inu (SHIB) has had its ups and downs, especially with that recent small drop, there are signs that make us raise our eyebrows! 😲
It turns out that SHIB is up 6.5% for the week and an impressive 22% over the last two weeks, despite a 15% drop over the last year. What's going on here? Well, experts are seeing two super bullish signals on the chart that suggest the next big surge could be just around the corner. Yes, you heard that right!
The first signal is that the price of SHIB has broken out of that descending channel that has trapped it since May. It's like finally emerging from a dark tunnel and seeing the light at the end. 🛤️ The second is its MACD indicator, which is rising but still has plenty of room to grow before the coin gets 'overheated.' This means that the rally could last several weeks! Additionally, its Relative Strength Index (RSI), which has been in the 'oversold' zone for months, is now recovering, indicating that there's still fuel in the tank to keep rising. 🔥
But it's not just numbers and charts. There are fundamental reasons that also support this optimism! The Layer 2 network of Shiba Inu, Shibarium, is processing over 4.5 million transactions per day! That's a lot of activity and shows how popular this ecosystem has become. And let's not forget the development of ShibOS, Shiba Inu's decentralized operating system. This will give much more utility to the coin in the long run, which, according to experts, could drive the price of SHIB to $0.000020 by the end of August. 🤯
So, while Shiba Inu works on building a solid foundation with utility and technology, will we see SHIB reach that new record? Time will tell, but it's definitely a space to keep an eye on! 🧐$SHIB
