๐ **Shiba Inu Faces Key Level Retest: Can It Amplify SHIB Price?** ๐
Shiba Inu's recent movements have mirrored Shibarium's zero-eating bull run in August, showcasing the potential for a significant price shift. ๐๐
The Shibarium blockchain, Shiba Inu's Layer-2 network, has marked notable utility additions this week, indicating growing real-world use cases. ๐๐
A professional crypto trader has affirmed SHIB's breakout of a major trendline, suggesting a potential trend reversal. ๐๐
In the latest crypto price action, SHIB is heading to retest key resistance levels, adding suspense to its future trajectory. โฉ๐
๐ **Shibarium's Rise in Utility:**
Shibarium has achieved remarkable success with nearly 4 million transactions in less than six months since its launch. Despite a previous dip in developer activity, recent adoption by Manny Pacquiao's charity foundation has revitalized Shibarium's real-world applications.
๐ **Opportunity For SHIB Price Acceleration?**
Chart analyst Captain Faibik highlights a "bottomed out" SHIB price movement, suggesting a potential trend reversal. A 200% price surge is projected by mid-December 2023 if SHIB holds the critical resistance at $0.00000839.
๐ **Retest Dynamics:**
The technical analysis emphasizes the importance of a retest, recalling a similar bullish trend in August 2023 when Shiba Inu erased a zero from its price. Maintaining the current resistance level is crucial for unleashing SHIB's full potential.
๐ **On The Flipside:**
Shibarium's gas fee token, Bone ShibaSwap (BONE), experienced a decline to yearly lows. Currently trading at $0.615 with a 5% dip in the last 24 hours, as per CoinGecko.
๐ **Why This Matters:**
SHIB's resilience and utility, especially through Shibarium Layer-2, have kept it in the spotlight throughout the year. Real-world applications and technical analyses contribute to its significance in the crypto landscape. ๐๐
#ShibaInuUpdate #JojoDaily #Shibarium #cryptoanalysis #BullishTrend ๐พ๐$SHIB
