- Shiba Inu (SHIB) is trading at a price range of $0.00000724 to $0.00000812.
- Anticipation builds for Shibarium’s August launch.
- Lucie urges Doge Killer (LEASH) token holders to acquire top roles.
Shiba Inu, the cryptocurrency known for its dog-inspired branding, has entered a consolidation phase, with the daily chart revealing a price range between $0.00000724 and $0.00000812. However, market analysts speculate that a potential breakout from the primary resistance level within this consolidation phase could surge the Shiba Inu coin’s price.
SHIB/USD price chart, Credits: TradingView
However, according to experts, investors in Shiba Inu cryptocurrency must exercise patience until the coin’s price establishes sustained momentum at the edge of the consolidation phase. It is worth noting that the trading volume for Shiba Inu has decreased by 2.30% during the intraday trading session, as per Coinmarketcap, indicating ongoing efforts by sellers to pull the coin’s price downward.
This expected recovery is closely tied to the highly anticipated launch of Shibarium, a layer 2 blockchain solution. Layer 2 refers to off-chain systems built on top of layer 1 protocol…
The post Analysts Speculate SHIB`s Potential Breakout Post Shibarium Release appeared first on Coin Edition.
The post Analysts Speculate SHIB`s Potential Breakout Post Shibarium Release appeared first on Coin Edition.