SHIB skyrocketed by 15%, and the MEME coin family may have a full blowout!
SHIB currency climbed more than 15% at an astonishing speed in a very short period of time. This feat not only ignited the enthusiasm of the market, but also heralded that after a relatively stable period of dormancy, the MEME currency community is about to usher in a revolution. A full-scale explosion.
The roots of SHIB's strong rise can be traced back to early August, when it was quietly going through a seemingly calm consolidation period. However, it was this seemingly peaceful time that accumulated considerable energy for the subsequent explosion.
From the dual dimensions of technical analysis and on-chain data, SHIB’s surge is not groundless. A significant milestone is that it successfully broke through the stubborn downward channel formed since March this year. This historic breakthrough not only broke the long-term price shackles, but also released a strong positive signal, heralding the decline of SHIB price. The upward space has been completely opened, and a new round of rising tide may be ready to go.
What is particularly worth mentioning is that as the market continues to verify and confirm SHIB's former resistance levels, these former obstacles are gradually being transformed into solid support levels, laying a solid foundation for the continued rise of SHIB prices. This change has undoubtedly given a boost to the entire MEME currency field, indicating that more similar explosive growth may follow.