$SHIB Shiba Inu is trading at $0.0000124, up 2.39% on 4 August 2025, as the cryptocurrency extends its recent momentum. The latest gains come after developers announced an upgrade to Shibarium, the projectโs Layer-2 scaling solution, a move widely credited with spurring renewed interest and elevated activity on the network.
Shiba Inu rose 2.39% to $0.0000124 on 4 August 2025 following the announcement of a Shibarium Layer-2 scaling solution upgrade.
The Shibarium upgrade improved transaction speeds and lowered network fees, driving increased decentralized application activity and on-chain transactions.
Analysts note a cautiously bullish sentiment as trading volumes pick up, but technicals lack defined support or resistance, reflecting ongoing market uncertainty.
According to industry sources, the announcement highlighted improvements aimed at increasing transaction speeds and reducing network fees for users and developers. This upgrade has led to a notable uptick in decentralized application activity on Shibarium and increased on-chain transactions, helping to draw additional attention from investors and the broader crypto community.
From a technical perspective, analysts note an absence of well-established support or resistance levels at current prices, with Shiba Inu continuing to trade within a relatively tight range. The lack of key reference points highlights the uncertainty traders face as the asset responds to both development updates and broader market cues.
Market sentiment surrounding Shiba Inu appears cautiously bullish, as the news of the Shibarium upgrade feeds into a generally constructive tone for the token. Trading volumes have picked up moderately, although some market participants remain watchful amid the volatility frequently associated with meme coins and smaller-cap tokens.
Looking ahead, if Shibariumโs improved capabilities result in sustained increases in user adoption and continued elevated network activity, Shiba Inu could see further upward pressure on its price. Conversely, a lack of follow-through or signs of implementation issues on the network may temper recent gains and trigger corrective moves.
In summary, Shiba Inu's price action today reflects positive sentiment following the Shibarium upgrade news, with traders awaiting further confirmation of sustained momentum.
$SHIB Shiba Inu is trading at $0.0000127, down 0.62% on 31 July 2025, with no clear technical levels in immediate focus and sentiment broadly cautious following the Federal Reserveโs recent communication. The token continues to follow broader moves in risk sentiment rather than a distinct price pattern of its own, as detailed in broader moves in risk sentiment.
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