'SHIB finally moving,' David Gokshtein announces start of new move for Shiba Inu $SHIB ShibArmy SHIBCommunity Crypto
data. Shiba Inu's trading volume has also increased by a whopping 245%. Data analytics platform Nansen reports heavy SHIB trading on both decentralized and centralized exchanges. SHIB is up 35% in the last seven days.
The optimism stems from the upcoming launch of Shibarium, a Layer 2 network built on top of Ethereum. A beta launch for Shibarium Layer 2 is expected"very soon."On the SHIB four-hour chart, a lineup of favorable technical factors can be seen. SHIB has formed a positive crossover, or"golden cross," in its moving averages, supporting the latest upward move.
The second largest dog-themed cryptocurrency had also resolved a bullish pennant, leading to its explosion. The bulls seem to be consolidating, as seen in the gradual buildup of another pennant before another move up.
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