The Shiba Inu ecosystem has experienced some updates in recent days. Details were shared about the Torii Gateway project. This project already supports over 1500 tokens and operates on more than 60 networks. It could soon expand to include non-EVM chains like Tron and Solana. This would broaden the market reach of Shibarium.
Meanwhile, Shiba Inu launched a significant update to its Shibarium development center. This provided more precise instructions for validation nodes and favored decentralization. This indicates greater network activity and long-term sustainability, as evidenced by the increase in daily transactions and SHIB burns.
Bullish trends are also clear in SHIB's on-chain metrics. Positive values of the Chaikin Money Flow (CMF) indicate that people continue to buy even with price stabilization. When demand exceeds short-term sales, analysts often interpret this situation as a signal that greater price increases could occur.
Additionally, cryptocurrency expert Javon Marks pointed out SHIB's inverted head and shoulders pattern. According to the analysis, prices could be on the verge of a significant breakout. His projection puts a possible target at $0.000081, representing an increase of over 540% and could pave the way for new all-time highs.
The accumulation of tokens and their fundamentals suggest that the token could be preparing for a new phase of growth despite short-term volatility.