Shiba Inu developer hub enabled validator guides, Shibarium bridges, and DeFi incorporation. Due to the upgrade, the daily activity of Shibarium increased significantly.
It recorded over 3.85 million transactions per day with a total of over 1.42 billion transactions since launch.
Meanwhile, the Shiba Inu price is tightening inside a symmetrical triangle. Technical analysts forecast a potential 17x move toward $0.00023 if the breakout materializes.
Shiba Inu development team has updated its official documentation portal. The resources dispersed over forums and community chats are now integrated into unified access on the platform.
The site is constructed on the Mintlify framework and makes the procedures of building in the Shibarium system straightforward.
Some of the new features include tutorials on how to run a validator node and how to transfer assets into Shibarium.
These tools are intended to streamline onboarding for developers building on the Shibarium.
Meanwhile, developers can also access updated libraries, SDKs for dApp creation, and full integration instructions for ShibaSwap versions 1 and 2.
The documentation included technical details such as Chain ID and RPC endpoints for direct configuration. Notably, this development has also fueled optimism over Shiba Inu price rally.
Shibarium Records Over 3.85M Daily Transactions
After the upgrade, the activity statistics of Shibarium were also on the rise. Data collected by Shibariumscan indicated that the network passed 1.42 billion cumulative transactions.
The rise in usage has not yet translated into a major price move. SHIB price traded at around 0.00001401 and fell about 0.23% in the past 24 hours.
But the continued increment in infrastructure and user activity paved the way for possible long-term support.
Analyst Predicts 17x Shiba Inu Price Rally
Analyst CryptoElites highlighted a possible 17x breakout setup for the Shiba Inu price. SHIB price appeared to form a symmetrical triangle pattern, which historically indicated large breakouts when accompanied by volume confirmation.
SHIB is currently trading just above the lower trendline that has acted as support for several weeks.
The formation also included a potential “cup and handle” shape embedded within the triangle. This bullish continuation pattern further strengthened the outlook for a price surge if resistance is broken.
In the forecast, SHIB was projected to rise to at least $0.00023, a resistance point that has previously worked as a barrier.
CryptoElites pointed out that any breakout beyond that descending trendline will be important in validation.
Provided a positive convergence of price and volume levels by Shiba Inu, the momentum can take the top memecoin to the anticipated level.
However, failure to maintain the ascending trendline support could negate the bullish setup and lead to a breakdown instead.
For now, the chart reflected a tightening price structure as market participants await confirmation.
Network Growth May Reinforce Structure
Shibarium is increasing its utility, which is providing basic support to Shiba Inu price’s technical movement.
With tools that will simplify the integration of developers into the ecosystem, Shiba Inu can promote new growth and expansion in the existing projects.
As utility and engagement grow, token velocity and burns may help sustain the bullish structure of the Shiba Inu price.
In the meantime, a report noted that the SHIB price has rallied 50% from its June low of $0.00001004, breaking crucial resistance levels.
Analysts predicted an upward trend towards $0.000025, continuing a bullish movement.
Source: https://www.thecoinrepublic.com/2025/07/27/shiba-inu-price-set-for-17x-breakout-as-shibarium-upgrade-goes-live/