Shiba Inu price surged 13% to $0.00001614 after breaking out of a consolidation zone on August 23, marking a significant price movement for the token.
Investor optimism is growing, driven by increased network usage and volume, alongside new developments such as the Shiba Inu DAO. This heightened activity has boosted confidence among investors.
SHIB is now just 17% away from a key resistance level, which, if surpassed, could signal further potential gains for the cryptocurrency.
