SHIB Price in Powerful Action as It Nears Inflection Point


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Gamza Khanzadaev

Shiba Inu powerful price action may be in play as its price is nearing important milestone

Shiba Inu (SHIB), driven by the Dogecoin (DOGE) narrative, reached the important $0,000014 level for the first time since August. The first attempt in recent weeks to cross this milestone turned out to be a false break, but nevertheless SHIB has not retreated and continues to stay near it.

Source: CoinMarketCap

The first time theĀ SHIB price managed to break this level, in October 2021, its quotations then flew up by 150% in one week. The second breakout occurred in early August, when the SHIB price wrapped around this mark by 20% and then back in two weeks.

If a breakout of this important price level does not eventually take place, then a price action in this range, with $0,0000117 being the lower boundary, should be monitored.

DOGE is not the only thing

Apart from the “DOGE narrative,” Shiba Inu has a couple of other Trump cards up its sleeve, some of which have been delivered today. First of all, the project team has announced a massive 1,000+ page Shiba Eternity player guide, due out tomorrow.

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In addition, lead developer Shiba Inu, alias Shytoshi Kusama, has announced that the next in line for development and release should finally be Shibarium, the project’s own Layer 2 protocol. According to a Shiba Inu spokesperson, the plan was always to release Shiba Eternity first, then Shibarium, and then combine them into one.

Source: https://u.today/shib-price-in-powerful-action-as-it-nears-inflection-point