Shiba Inu powerful price action may be in play as its price is nearing important milestone
The Shiba Inu (SHIB), powered by the Dogecoin (DOGE) legend, reached the crucial $0,000014 level for the first time since August. The first attempt to cross this milestone in recent weeks proved to be a false break, but SHIB hasn’t backed down and remains close to it.
The first time the SHIB price managed to break this level, in October 2021, its quotations then flew up by 150% in one week. The second breakout occurred in early August, when the SHIB price wrapped around this mark by 20% and then back in two weeks.
If a breakout of this important price level does not eventually occur, a price action should be monitored in this range, with the $0,0000117 lower boundary.
DOGE is not the only thing
Apart from the “DOGE narrative,” Shiba Inu has a couple of other Trump cards up its sleeve, some of which have been delivered today. First of all, the project team has announced a massive 1,000+ page Shiba Eternity player guide, due out tomorrow.
Furthermore, lead developer Shiba Inu, aka Shiotoshi Kusama, has announced that the next line for development and release should eventually be Shiberium, the project’s own Layer 2 protocol. According to a Shiba Inu spokesperson, the plan was always to release Shiba Eternity first, then Shiberium, and then merge them into one.
