SHIB News: Shiba Inu Experiences Surge Amid Crypto Reserve Announcement; Future Highs Uncertain

Recent developments in the cryptocurrency world have led to significant gains for Shiba Inu (SHIB), but questions remain about its ability to reach new highs.

Shiba Inu: When Will SHIB Claim A New High? Contemporary Timeline Reveals

Shiba Inu (SHIB) is currently trading at $0.00001453, up 5% in the last 24 hours. The recent surge can be attributed to the announcement of a crypto reserve by the Trump administration, which includes major cryptocurrencies like Bitcoin and Ethereum. The market has responded positively, with coins like Shiba Inu showing gains. However, it remains to be seen if SHIB will be able to reach new highs soon.

Shiba Inu Bulls Eye Upside, Analysts Optimistic on Potential Breakout

Shiba Inu ($SHIB) bulls are targeting significant gains, with analysts highlighting the potential for a major breakout if the meme coin can maintain a critical support level. The current Optimism surrounding Shiba Inu is largely based on recent technical analysis, which identifies key price levels that could determine the meme coin’s near-term trajectory. One analyst, BlueCrypto, has been closely monitoring SHIB’s price action, sharing a chart that visually highlights these crucial levels on the SHIB/USD daily chart. According to BlueCrypto, SHIB has successfully held local support at $0.00001345.

Shiba Inu (SHIB) Team Issues Major Warning

Shibarium Trustwatch warns the community of a fake X (formerly Twitter) account impersonating Shiba Inu’s official page. Scammers have previously used Shytoshi Kusama’s name and fake SHIFU token emails to deceive the community. The cryptocurrency industry, while offering substantial profit opportunities, is also filled with scammers targeting unsuspecting victims, particularly the strong Shiba Inu (SHIB) community comprising millions of members.

Shiba Inu (SHIB) Price Prediction for March 3

Shiba Inu (SHIB) is currently trading at $0.00001410, experiencing a 2.31% uptick over the past 24 hours but down 25.02% over the last 30 days. This divergence indicates volatile market sentiment. Technical indicators like the 20-day and 50-day Simple Moving Averages (SMAs) provide insight into the immediate trend, with SHIB’s price currently flirting with these averages.