Shibarium's on-chain activity increased by 50%, highlighting increased interest in the network. Shibarium accounts rose sharply in May from 105,367 to 113,732. A potential 32% increase in SHIB price depends on breaking a key resistance level.
The Shiba Inu shows a pattern of shrinking variability. This technical pattern, characterized by increasingly narrow price swings, is often viewed by traders as an indicator of a potential breakout.
If $SHIB successfully breaks the neck line at $0.00002631, it could potentially experience an upside of around 32% from its current market price. The target is resistance at $0.00003282.
However, if this breakout fails, SHIB could fall back to the support level at $0.00002345. A breakdown below this level could lead to the next major support at $0.00002052.
