Shiba Inu Price Sees 40% Upside in August 2024

parag jadhav

On Chain Metrics Rally Potential

Shiba Inu has seen a higher growth in user accounts in Shibarium and also in large transactions.

Technical Charts Reveal Bullishness

The daily charts have revealed two bullish patterns: a double bottom and a bullish pennant for Shiba Inu.

How Far Can Shiba Inu Go In 2024?

If no major corrections take place this year, we expect Shiba Inu to reach $0.000045 by the end of 2024.

Factors Supporting Growth in Shiba Inu

Network growth, whale activity, and high developmental activity on the Shibarium platform have benefitted Shiba Inu.

Important Levels To Watch

Shiba Inu has resistances at $0.00002, $0.000028 and $0.000035 before it could reach its 2024 high at $0.000045.

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