It stunned the cryptocurrency community with a weeks-long exponential rally. SHIB has continued to gain ground over the last two weeks, advancing to 12th place with a 310 percent price increase.
Following in the footsteps of Bitpanda, Coinbase Pro, and Binance, India’s top crypto exchange, ZebPay, has confirmed the listing of Shiba Inu’s SHIB token on its platform, amidst regulatory uncertainty.
Shiba-inu price analysis:
At the time of writing SHIB is trading at $0.00002882.Shiba Inu would have to break through the pivot at $0.00002910 to reach the first major resistance level at $0.00003060. Shiba Inu, on the other hand, would need market support to break back through to $0.000030 levels.
Unless there is a sustained crypto rally, the first significant resistance level and Wednesday’s high of $0.00003070 are likely to be the upper limit.
Before any retreat, Shiba Inu might test resistance at $0.000035 levels in the event of another breakout. $0.00003220 is the second significant resistance level.
If the $0.00002910 pivot is not retested, the 23.6 percent FIB of $0.00002831 and the first major support level at $0.00002760 will be tested.
Shiboshis’ On The Way
Shiboshi NFTs are non-fungible tokens that depict various “lovable creatures” from Shiba Inu. For an extra $100, NFT holders will be allowed to name the Shiboshis. Shiboshis for Shiba Inus will have general names like 00001. Shiboshis will be accessible exclusively on Shiba Swap for the first time. However, no official release date has been set as of yet.
“We are extremely pleased to bring them to you next week (or early),” Project Lead Shytoshi Kusama wrote in a post dated October 5.
However, the relevant link now redirects to a holding page with a coming soon warning, more than a week after the post.