Shiba Inu Set for Another Upgrade: Will This Boost SHIB's Price?
Shiba Inu's Current Status: Shiba Inu (SHIB) is experiencing a price decline near its 2-year low, prompting speculation about its future as a major upgrade to Shibarium approaches.
Upcoming Privacy Upgrade: The Shiba Inu team is preparing a significant privacy-focused upgrade for Shibarium, integrating Zama’s Fully Homomorphic Encryption technology to enable confidential smart contracts and enhance privacy across the ecosystem.
Potential Impact of the Upgrade: This upgrade could transform Shibarium from a meme-focused project into a privacy-centric Layer 2 network, potentially attracting new users and developers interested in private transactions and confidential DeFi protocols.
Market Sentiment and Future Prospects: Despite previous upgrades failing to boost SHIB's price significantly, the upcoming privacy features may provide a much-needed catalyst for recovery, as the market awaits a new narrative to drive demand.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB) As of , Shiba Inu (SHIB) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000307 | 0.00000407 | 0.00000524 | 0.00000624 | 0.00000741 | 0.00000841 | 0.00000958 |
| Fibonacci | 0.00000407 | 0.0000049 | 0.00000541 | 0.00000624 | 0.00000707 | 0.00000758 | 0.00000841 |
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