Shiba Inu Marketing Director Lucie provided insight into the project’s future development schedule, sending the SHIB army into a tizzy. Lucie says via X (formerly Twitter): offer Take a peek at the roadmap after meeting with project leader Shytoshi Kusama.
Lucy said, “I can’t reveal much after meeting Shitoshi Kusama, but I can tell you one thing. The goal is to have everything wrapped up by the end of the year. The entire vision should be completed by 2024/2025. “It’s not a promise, but that’s the goal.”
This ambitious timeline suggests a rapid pace of development in the Shiba Inu ecosystem. The marketing director highlighted the potential impact of these developments on the Shibarium, BONE and SHIB tokens themselves, particularly highlighting the role of decentralized applications (dApps) and strategic partnerships.
“With all of Shibarium’s dapp usage and the many important partnerships we have in the works, we should have an incredible impact on Shibarium, BONE, while also contributing to the SHIB burn,” she said.
Lucie further elaborated on the importance of the DAO, saying, “The Dao will show the true power of LEASH and Shiboshis.” Additionally, the Shiba Inu team appears to be preparing to take things to the next level with the SHIB Metaverse, with Lucie saying, “Shiba is in the Metaverse…” Well, let’s take a look. One world, one financial state. All real holders welcome!”
Is Shiba Inu price on the verge of breaking through?
The SHIB cryptocurrency is currently showing signs of consolidation within a descending channel pattern, suggesting a potential breakout in the near-term. According to the latest data, SHIB is trading at $0.00000904 against the US dollar on the Coinbase exchange, down a slight 1.8% over the last 24 hours.
Technical analysis of the SHIB/USD pair over a 4-hour period shows that the price is oscillating within a descending channel, which is generally considered a bearish pattern but could lead to a bullish breakout if the price breaks above the upper limit. The price has touched the larger trendline support derived from the weekly chart, suggesting a strong historical support level.
The exponential moving average (EMA) on the 4-hour chart provides key levels to watch. 200-EMA ($0.00000938), 20-EMA, 50-EMA and 100-EMA are layered above the current price, with 200-EMA acting as the most important resistance.
Volumes are very low, which does not highlight any significant buying or selling pressure at this time. The Relative Strength Index (RSI) is hovering at 49.69, just below the neutral level of 50, indicating balance between buyers and sellers. An RSI above 50 could be a sign of increasing buying momentum, which could help create bullish momentum in the channel.
The Fibonacci retracement level from the recent swing high to the low shows that the 0.236 level of $0.00000878 has recently served as the most important support level, while the 0.382 level of $0.00001050 and the 0.5 level of $0.00001188 are potential upward resistance levels that are noted when SHIB is concentrated. no see. Breaks out of the descending channel.
For SHIB to confirm a bullish breakout, it would need to close consistently above the descending channel and above the 200-EMA. A crucial 4-hour candlestick closing above this level could encourage further buying and potentially lead to a test of the 0.382 Fibonacci level. Moreover, it is important for bulls to keep the price above the larger trendline support to avoid a bearish turnover that could see SHIB revisit lower support levels.
Featured image from Shutterstock, chart from TradingView.com
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