Shiba Inu Price Prediction as SHIB Spikes Up 4% – Can SHIB Reach $1 in the Bull Market?

cryptonews.com:

The price of Shiba Inu (SHIB) has risen by as much as 4% today, with its move to $0.00001003 coming as the cryptocurrency market as a whole barely moves in the past 24 hours.

SHIB is now up by 16% in the past week and by 33% in the last 30 days, with the imminent full launch of the Shibarium layer-two network helping to boost the meme token after a series of delays.

And with Shibarium likely to boost usage of SHIB and the expansion of the Shiba Inu ecosystem, it's likely only a matter of time before the altcoin enjoys even more sustained growth.

SHIB's chart and indicators are in a very healthy position at the moment, with the meme token looking like one of the strongest cryptocurrencies in the market right now.

After a surge and then a dip last week, the coin's relative strength index (purple) is climbing once again towards 70, indicating strong buying momentum that hasn't quite become overdone just yet.

SHIB's 30-day moving average (yellow) is also looking very good, with the indicator rising further above the coin's 200-day average (blue), which again reveals that new buyers continue to push the token upwards.

And while it's hard to say for just how much longer SHIB's strength will continue, it's fairly safe to say that it has conslidated around new, higher levels, with its support level (green) showing consistent growth over the past few weeks.

The reason for all this positivity is that it really does seem as though the long-awaited Shibarium layer-two network is about to get its full release in the next few days or weeks, with developer Shytoshi Kusama posting at the end of July that he and his colleagues were "gearing up to launch" the platform.

This post, along with other comments and hints, has helped raise excitement