• Shiba Inu’s Summer of Shibarium is gaining traction as SHIB token price pumps up in anticipation of upcoming LEASH updates.
• The two new updates will be released this week, one being an ‘exclusive’ feature and the other a new utility for LEASH holders.
• SHIB price is currently trading at $0.00001053 with a 24-hour change of +2.64% and bullish MACD divergence at 0.00000015 signaling further upside potential.
Shiba Inu’s Summer of Shibarium Gains Traction
Shiba Inu’s Summer of Shibarium continues to gain traction ahead of the highly anticipated Q3 Shibarium launch, resulting in SHIB token prices pumping up in excitement for upcoming LEASH updates.
Updates to LEASH Token Revealed
Shytoshi Kusama – a leading SHIB developer – has revealed that two new updates will be released this week for LEASH token holders: an exclusive feature and a whole new utility.
SHIB Price Analysis
The surge in excitement surrounding the upcoming updates has seen SHIB price currently trading at $0.00001053 (a 24-hour change of +2.64%). It has also ridden steadfast support from an ascendant 20DMA to reclaim key support from the 200DMA on August 11, leaving it poised to push up higher yet again. However, the RSI signals some cause for concern, having recently overheated significantly into an overbought signal at 67.82; potentially indicating consolidation or even retracement could be on the cards soon. The MACD provides some relief though, with bullish divergence at 0.00000015 reflecting momentum throughout the past two weeks and signaling further upside potential ahead .
Is It Too Late To Buy Shiba Inu?
Whilst we can never guarantee whether or not it is too late to buy into any given asset class, current market conditions certainly point towards upside potential for SHIB token amid its ongoing summer rally – making now seem like a good time to buy into Shiba Inu if you haven’t already done so!
Conclusion
In conclusion, while there is always risk associated with investing in any cryptocurrency asset class – especially those which are still relatively young such as Shiba Inu – current market conditions suggest that now may well be a good opportunity to buy into Shiba Inu if you have not done so already!