As the crypto market rekindles the bullish momentum this week, the Doge killer Shiba Inu can be seen enjoying some traction. In the first half of March 2022, Shiba Inu was facing a bearish pull, but on March 16 the currency entered the recovery phase. Since then, Shiba Inu has broken a series of resistance levels such as $0.000023, and $0.000025.
On March 28th, Shiba Inu saw more than 18% gain hitting the $0.0000296 level. But on March 29th, Shiba Inu (SHIB) buyers were having a hard time overcoming a $0.0000273 resistance resulting in a long-tail rejection candle.
However, for the Shiba Inu price to experience an Ideal Bullish Ichimoku Breakout, the price needs to close at or above the $0.000027 level. Though the SHIB price managed to hit $0.00002729 on March 29th, the price rebounded and the currency is experiencing a massive short squeeze at present.
At the time of reporting Shiba Inu is trading at $0.00002713 with a plunge of 0.61% in the last 24hrs. The support zone for the currency lies at $0.000024 and the profit target is set at $0.000040.
The SHIB Community Awaits The Big Announcement!
In a Twitter post, Shiba Inu has alerted its community ShibArmy asking them to stay tuned for today, March 30. As the community gets into the guessing game of what might be the big announcement, Shiba Inu’s price is hovering around $0.000026 and $0.000027 hinting at a bullish trend.
The investors’ curiosity increased when the tweet mentioned ‘the world is full of things more powerful than us’. Hence, every meme-coin fanatic is eagerly waiting for SHIB to drop the project-related news today, March 30.
In the month of February 2022, SHIB had announced the much-awaited project to land in the Metaverse sector. As the official name wasn’t revealed, they temporarily named as ‘Shiberse’
The current post looks to be a clue connected with the Shiberse as investors expect the SHIB’s announcement to be related to virtual land.
Additionally, recently Shiba Inu’s SHIB token got listed on Netcoins, an online cryptocurrency brokerage that allows Canadians to buy, sell or hold cryptocurrencies easily. It also collaborated with the top fashion brand, John Richmond, who announced that SHIB and LEASH will undergo a burn of 9% and 1% respectively for every purchase made through NOWPayments.