Multiple technical crypto analysts believe the continuous downswing period for Shiba Inu (SHIB) might be over, as hidden bullish divergence could instigate a rebound rally. This comes amid Bitcoinโs (BTC) stabilization above $83,000 after the Trump tariffs-infused bear takeover has slowed down.
And so, the mainstream Japanese hunting dog-embossed crypto Shiba Inu (SHIB) managed to find its foot at $0.000012, but the way up is met with several obstacles. For one, the meme coin could see a turning point at $0.000014, as this Shiba Inu coin price levels offer a resistance line with 551.99 trillion SHIB tokens, nearly 94% of all circulating.
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While this resistance bubble could be flipped into major support, Shiba Inu (SHIB) would need to pick up a steady trading volume on Spot markets. To compare, the $200 million daily trading volume is 4 times less than Pepe Tokenโs (PEPE) and 8 times less than the leading memecoin Dogecoin (DOGE).
Defined by a lower low on the momentum oscillator and a higher low in Shiba Inu price chart, the hidden bullish divergence portrayed above could take SHIB to $0.000081, argues crypto analyst Javon Marks.
Following Shiba Inuโs drastic downswing, the 10% price crunch over the past 30 days is highly linked to the geopolitical tensions and global trade tariffs, curbing crypto & stock marketโs short-term potential.
Shiba Inu (SHIB) Team Drops Bombshell L3 Update
In Shiba Inuโs (SHIB) own yard, the holder community is facing exciting times ahead with a dual update on Shibarium. Shiba Inuโs own Layer-3 blockchain employs Fully Homomorphic Encryption (FHE), a cutting edge technology for preserving digital identity and other sensitive data while surfing the Web3.
Powered by FHE, businesses can conduct operations on the web without giving away customer data, minimizing the risk of private data leakage. From the Web3 userโs perspective, privacy is assured by the principle of Fully Homomorphic Encryption (FHE), which lets decentralized apps (dApps) use your encoded data without seeing it.ย
Meanwhile, Shiba Inuโs current Layer-2 solution is going to reward the users with crypto perks via the new Shibarium Karma Ecosystem. Being tested on the โpuppynetโ testnet right now, Shibariumโs Official Karma rewards users participating in all sorts of on-chain activities, whether itโs liquid staking, NFT trading, digital art or Web3 gaming.
On The Flipside
- Shibariumโs Layer-3 version doesnโt have an official launch date yet, but is rumored to be slated for a Q4 2025 launch.
Why This Matters
Launched in August 2023, Shibarium L2 has given a digital home for the Shiba Inu community, popularly known as SHIB Army. The Layer-3 successor has fetched a $12 million funding round last year, with big names such as Animoca Brands, Polygon Ventures & Morningstar chipping in.
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