Bone

Doge Killer

Bone ShibaSwap

Shiba Inu

<ul> 
 <li><strong>Shiba Inu experiences strong bullish momentum with the upcoming Shibarium launch.</strong></li> 
 <li><strong>SHIB Large holders’ inflow soared 1,194%, showing strong investor confidence</strong>.</li> 
</ul> 
<p>Shiba Inu, the distinctive memecoin, has been riding a bullish momentum for over two weeks now, coinciding with the upcoming launch of the Shiba-based blockchain mainnet known as Shibarium later this month. The entire Shiba ecosystem is awash with positive sentiment, notably Shiba-based coins like Bone ShibaSwap (BONE), Doge Killer (LEASH), and Pawswap (PAW), all of which have <a href="https://twitter.com/PawZoneToken/status/1690202440380162048?s=20" target="_blank" rel="noopener noreferrer nofollow">surged</a> significantly in the past 24 hours.</p> 
<p>Shiba Inu (SHIB) tokens have <a href="https://coinmarketcap.com/" target="_blank" rel="noopener noreferrer nofollow">emerged</a> as top performers among cryptocurrencies in the past week. At present, the SHIB price stands at $0.0000109, marking a 9.31% increase. The trading volume has also surged by 86.45%, reaching $592 million. Moreover, recent data from IntoTheBlock, a Market Intelligence Platform, reveals an astonishing 1,194% surge in inflow of funds from large Shiba Inu holders. The “Large Holders Inflow” metric from IntoTheBlock tracks the movement of funds into addresses owned by whales or significant holders.</p> 
<p>Meanwhile , the dog community along with the <a href="https://thenewscrypto.com/shib-pumps-10-as-shibarium-countdown-begins/" rel="noopener noreferrer nofollow">anticipation</a> for Shibarium launch, and Shiba Inu’s co-founder, Shytoshi Kusama, has tantalized followers with hints of three upcoming partnerships in his Telegram channel. While he remains tight-lipped about the partner companies, he did confirm that one of these “partnershibs” has already inked the agreement, with Shiba Inu’s “decentralization house” poised to welcome “incredible and powerful advisors.”&nbsp;The second “partnershib” is anticipated to focus on technology and furthering grand causes, with an expected announcement in August.</p> 
<h3 class="wp-block-heading" id="h-will-the-shib-bulls-sustain-their-strength"><strong>Will the SHIB Bulls Sustain Their Strength?</strong></h3> 
<p>An assessment of the <a href="https://www.tradingview.com/chart/EJXIwxE9/?symbol=KUCOIN%3ASHIBUSDT" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> SHIB daily price chart highlights an upswing above the short-term 50-day simple moving average (50 SMA), underlining the current prevailing bullish sentiment. The 50 SMA presently rests at $0.00000979.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized"> 
  <img decoding="async" src="https://thenewscrypto.com/wp-content/uploads/2023/08/SHIBUSDT_2023-08-12_12-47-37-1024x457.png" alt="" class="wp-image-80580" width="840" height="374" srcset="https://thenewscrypto.com/wp-content/uploads/2023/08/SHIBUSDT_2023-08-12_12-47-37-1024x457.png 1024w, https://thenewscrypto.com/wp-content/uploads/2023/08/SHIBUSDT_2023-08-12_12-47-37-300x134.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/08/SHIBUSDT_2023-08-12_12-47-37-768x343.png 768w, https://thenewscrypto.com/wp-content/uploads/2023/08/SHIBUSDT_2023-08-12_12-47-37-1536x685.png 1536w, https://thenewscrypto.com/wp-content/uploads/2023/08/SHIBUSDT_2023-08-12_12-47-37-150x67.png 150w, https://thenewscrypto.com/wp-content/uploads/2023/08/SHIBUSDT_2023-08-12_12-47-37.png 1793w" sizes="(max-width: 840px) 100vw, 840px"> 
  <figcaption class="wp-element-caption">
    SHIB Price Chart, Source:<a href="https://www.tradingview.com/chart/EJXIwxE9/?symbol=KUCOIN%3ASHIBUSDT" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The daily Relative Strength Index (RSI) suggests that SHIB has breached the overbought threshold, registering a value of 73. This signals a potential overbought condition.</p> 
<p>If the existing pattern persists, the price of SHIB could potentially reach resistance levels of $0.00000908 and $0.00001280. Conversely, if the trend reverses, the price might retreat to support levels at $0.00000774 and $0.00000708.</p>

SHIB Pumped 19% Over Last Week, Is It Too Late to Buy?

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