{"id":613374,"date":"2023-03-02T05:51:57","date_gmt":"2023-03-02T11:51:57","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/02\/shiba-inu-prepares-for-a-rebound-with-30-upswing-this-key-level-will-play-a-significant-role-for-shib-price\/"},"modified":"2023-03-02T05:51:57","modified_gmt":"2023-03-02T11:51:57","slug":"shiba-inu-prepares-for-a-rebound-with-30-upswing-this-key-level-will-play-a-significant-role-for-shib-price","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/02\/shiba-inu-prepares-for-a-rebound-with-30-upswing-this-key-level-will-play-a-significant-role-for-shib-price\/","title":{"rendered":"Shiba Inu Prepares For A Rebound With 30% Upswing! This Key Level Will Play A Significant Role For SHIB Price"},"content":{"rendered":"
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As the cryptocurrency industry has regained momentum following the storms of last year, one token has emerged as a frontrunner: the Shiba Inu (SHIB) coin. It has been generating buzz on Twitter and Discord for several weeks, and its price has surged by almost 60% since the beginning of 2023, outperforming more significant competing tokens like Ethereum (up 37%) and Bitcoin (up 41%). As a result, market analysts believe that meme coin investors will likely witness a heavy pump in March, and Shiba Inu will take the top place.\u00a0<\/p>\n

Shiba Inu To Dominate Major Meme Coins Soon<\/h2>\n

One factor that could potentially propel Shiba Inu<\/a> to new heights is the launch of Shibarium, an upcoming blockchain network that will be integrated with the Shiba Inu coin. It is being constructed as a \u201cLayer-2\u201d blockchain, built on top of the Ethereum blockchain, which provides the foundational structure for Shiba Inu and all its functionalities.\u00a0<\/p>\n

Moreover, Shytoshi Kusama, the developer behind both the Shiba Inu meme coin and its associated Shibarium Layer-2 solution, has announced<\/a> that a new prominent project has endorsed Shibarium, adding to the growing list of supporters.<\/p>\n

Voxel X Network has announced on Twitter that it has embraced Shytoshi Kusama\u2019s vision for a decentralized Shibarium that includes all projects. The tweet further states that Voxel X and over 75 of its listed partners will actively promote Shibarium. This news from the SHIB community sparks fresh excitement among meme coin investors and sets the stage for a solid bull run in March.\u00a0<\/p>\n

SHIB Price To Surge By 30%<\/h2>\n

Although the Shiba Inu price has experienced a solid rebound in the past, the meme token has witnessed a decline in value recently, leading SHIB traders to suspect an impending downtrend. Nevertheless, the present market trend of the SHIB token suggests a bullish price momentum.\u00a0<\/p>\n

Despite a sharp decline<\/a> to the weekly support level of $0.00001191, SHIB\u2019s price is flashing bullish signals as it surged above its 23.6% Fib level from the support level. Investors are now eagerly waiting for a breakout above the immediate resistance of $0.000013 to set up a short-term bullish goal in the SHIB price chart.\u00a0<\/p>\n

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As of writing, SHIB\u2019s price trades at $0.00001234, with a decline of 0.64% in the last 24 hours. Looking at the 4-hour price chart, SHIB price is preparing to trade above the EMA-20 trend line as it witnesses a spike in trading volume. A breakout above $0.000013 will push the token to a crucial price of $0.000014, above which SHIB price will head toward the Bollinger band\u2019s upper limit of $0.000016.\u00a0<\/p>\n<\/div>\n

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Shayan Chowdhury<\/a><\/h3>\n

Shayan is a digital nomad and a professional journalist. He delivers high-quality engaging articles to Coinpedia through his in-depth research and analysis.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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\n Shayan Chowdhury<\/p>\n","protected":false},"excerpt":{"rendered":"

As the cryptocurrency industry has regained momentum following the storms of last year, one token has emerged as a frontrunner: the Shiba Inu (SHIB) coin. It has been generating buzz on Twitter and Discord for several weeks, and its price has surged by almost 60% since the beginning of 2023, outperforming more significant competing tokens<\/p>\n","protected":false},"author":1,"featured_media":613375,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3607,92260],"tags":[],"class_list":{"0":"post-613374","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-prepares","8":"category-shiba"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/613374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=613374"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/613374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/613375"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=613374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=613374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=613374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}