Shiba Inu Price Prediction as SHIB Sees $400 Million Trading Volume Come In – $1 SHIB Incoming?

in shuiba •  2 years ago 

At the same time, SHIB's 30-day moving average (red) continues to rise incrementally above its 200-day average (blue). This suggests that its current rally may have space left to continue before the coin becomes overbought.
In terms of resistance levels, a clean break above $0.0000135 could indicate a more sustained rally for the altcoin. And with SHIB's 24-hour trading volume rising above $400 million today, it looks as though it has the liquidity and the interest to mount such a rally.
Indeed, one thing that may help SHIB continue to rise is the aforementioned launch of Shibarium in beta. While unconfirmed, it has been reported within the coin's Crypto Twitter community that Shytoshi Kusama, one of the lead developers behind the layer-two network, has said this beta launch will happen "This Week".
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