Shiba Inu could attempt rally to $0.0000196
Shiba Inu appears to have found support around the $0.000011 region, holding above this key level for the past 11 days since May 14th. Shiba Inu’s current consolidation pattern on the daily chart resembles its price action at the end of January 2022, after which its price rose. nearly 100% to hit highs of $0.000035 on Feb. 7.
While Shiba Inu continues to rely on its newfound support at around $0.000011, if the price turns down from the current level, Shiba Inu might spend some more time inside the range between $0.0000104 and $0.000014. The next major move might begin after the price breaks above or below the range.
If the buyers propel the price above $0.000014, Shiba Inu could attempt a rally to $0.0000196, which could act as a stiff barrier. Alternatively, if the price declines and breaks below $0.000010, the pair could retest the $0.000008 support level reached on May 12. rally, like it did in 2021 when it rallied millions of percent.
Shiba Inu presently trades down 1.18% at $0.0000115.
Shiba Inu to appear on Argentina-based football team shirts as adoption grows
As shared by Shibainuart, Shiba Inu’s adoption continues to grow as the soccer team “El Talita Csyd,” located in Argentina, will use the Shiba logo on its clothing.
Shiba Inu also welcomed Marcie Jastrow, who joins the Shiba Inu Metaverse team as an industry veteran with over 20 years experience in the entertainment industry. As a pioneer in immersive technology, Marcie built and led the immersive team at Technicolor and its brands. The development of SHIB: The Metaverse will gravitate towards major partnerships, to which Marcie is expected to contribute significantly.
According to IntoTheblock, Shiba Inu’s large transactions, referring to those above $100,000, have increased by 7%. Large transactions often hint at whales or institutional activity. According to WhaleStats, the ETH whale “BlueWhale0073” recently bought 86,740,251,500 SHIB valued at $1,015,728.
