The Shiba Inu price action is not only holding it above an important support level. It also reveals a move that is likely to result in a 60% increase. Accordingly, the cryptocurrency shows a resilience that has gradually managed to catalyze it.
Shiba Inu has the potential to reach these levels
The Shiba Inu has been hovering around the highest trading volume point of control (POC) at $0.0000118 for about three months. SHIB managed to stay above this level after months of struggle. In addition, it now appears to have risen slightly above the aforementioned level. The volume profile also shows a lack of resistance up to $0.0000199. This makes the level a prime target for SHIB and any bulls likely to start this journey. Therefore, if there is an explosion in price, there will be very little headwind. Thus, SHIB will make a 60% bullish rally. This makes it an extremely good setup.
However, due to inefficiencies of up to $0.0000083, the chances of sustaining this uptrend are unlikely. In some cases, it is possible to reach the target of increase. However, due to downside inefficiency, it is likely to lead to a full downturn in the next few days. This is a risk investors should consider before embarking on this bullish journey with the Shiba Inu price. On the other hand, if Shiba Inu price slices POC volume at $0.0000118, it will be the first sign of weakness. In such a case, traders should be patient to retest and break the $0.000106 support level. This development will invalidate the bullish argument until the meme coin retests the support level at $0.0000083. Doing so would signal an exit of 140% to $0.0000199. At this point, investors should look for a buying opportunity.
SHIB starts testing phase of Shiba Eternity game
Shiba Inu’s lead developer, Shytoshi Kusama, talked about the long-awaited Shiba Eternity. The developer has announced that the SHIB game is ready for early testing in Vietnam. It also announced that iOS users residing in Vietnam can download the game to their smartphone devices. According to a tweet shared by Kusama, Vietnamese will only have access to limited features of the game. However, the Shiba Inu plans to introduce more features soon. cryptocoin.com As we have reported, Shiba Eternity is the name of Shiba Inu’s card game. The Australian-based game firm has been in development for several months with PlaySide Studios.
Kusama did not specify when Vietnamese people using Android will have access to test Shiba Eternity. The development came less than a month after Kusama spoke about an upcoming special event for SHIB supporters in Vietnam. Meanwhile, Kusama also hinted that Indonesia could be the next country where Shiba Eternity will be launched. Last month, Kusama revealed in a leaked Discord chat that the game will be super strategic.
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