Timeline For All Shiba Inu Projects Revealed As SHIB Price Readies To Soar
February 02 2024 - 9:00AM
NEWSBTC
Shiba Inu marketing lead Lucie has given an insight into the
timeline for the upcoming developments of the project, sending the
SHIB army into a tizzy. Speaking via X (formerly Twitter),
Lucie provided a glimpse into the roadmap after a meeting with the
project’s lead, Shytoshi Kusama. Lucie stated, “After meeting with
Shytoshi Kusama, I can’t reveal much, but I can say one thing: The
goal is to have everything finished by the end of this year. The
whole vision should be completed by 2024/2025. It’s not a promise,
but that’s the goal.” This ambitious timeline suggests a rapid pace
of development for the Shiba Inu ecosystem. The marketing lead
emphasized the potential impact of these developments on the
Shibarium, BONE, and the SHIB token itself, particularly
highlighting the role of decentralized applications (dApps) and
strategic partnerships. “With every dapp usage on Shibarium and
many significant partnerships in the works, it should have an
amazing impact on Shibarium, BONE, while also contributing to
burning SHIB,” she said. Related Reading: Shiba Inu Prints Rare
Bullish Signal, Eyes This Price Target Lucie further elaborated on
the significance of the DAO, stating, “The Dao will showcase the
real power of LEASH and Shiboshis.” Furthermore, the Shiba Inu team
appears to be gearing up for another step forward with the SHIB
Metaverse, with Lucie teasing, “As for the Shib the Metaverse…
well, we will see. One world, one financial state. All hail to the
real holders!” Shiba Inu Price On The Verge Of A Breakout? The SHIB
cryptocurrency is currently exhibiting signs of consolidation
within a descending channel pattern, hinting at a potential
breakout in the near term. As of the latest data, SHIB trades at
$0.00000904 against the US dollar on the Coinbase exchange, with a
modest 1.8% decrease in the last 24-hours. Technical analysis of
the SHIB/USD pair in the 4-hour indicates that the price is
oscillating within a descending channel, which is typically
considered a bearish pattern but can lead to a bullish breakout if
the price breaches the upper boundary. The price has touched the
larger trend line support derived from the weekly chart, suggesting
a strong historical support level. The Exponential Moving Averages
(EMAs) on the 4-hour chart provide key levels to watch. The 200-EMA
($0.00000938), 20-EMA, 50-EMA, and 100-EMA are layered above the
current price, with the 200-EMA acting as the most important
resistance. Related Reading: Crypto Analyst Predicts Shiba Inu
Price To Surge Above $0.00001 Volume is quite low, which does not
highlight significant buying or selling pressure at the moment. The
Relative Strength Index (RSI) is hovering around the 49.69 mark,
which is just below the neutral 50 level, indicating an equilibrium
between buyers and sellers. A move above 50 in the RSI could signal
increasing buying momentum, which might assist in a bullish
breakout from the channel. Fibonacci retracement levels from the
recent swing high to low show that the 0.236 level at $0.00000878
has been acting as the most crucial support recently, while the
0.382 level at $0.00001050 and the 0.5 level at $0.00001188 are
potential upside resistance levels that come into focus when SHIB
breaks out of the descending channel. For SHIB to confirm a bullish
breakout, it needs to consistently close above the upper boundary
of the descending channel and the 200-EMA. A decisive 4-hour
candlestick close above these levels could encourage further
buying, potentially leading to a test of the 0.382 Fibonacci level.
Moreover, it’s crucial for bulls to maintain the price above the
larger trend line support to avoid a bearish turnover that could
see SHIB revisiting lower support levels. Featured image from
Shutterstock, chart from TradingView.com
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