Shiba Inu ($SHIB), the meme coin turned DeFi contender, is once again making waves across the crypto market. With a recent 12% weekly surge and growing buzz around its Shibarium ecosystem, many traders are wondering: is now the time to buy, sell, or hold?
๐ Recent Developments Driving SHIBโs Price
Shibarium Growth: The layer-2 blockchain solution is gaining traction, with increasing dApp integration and lower gas fees.
Whale Accumulation: On-chain data shows several large wallets accumulating SHIB, a possible bullish indicator.
Market Sentiment: As BTC and ETH remain stable, attention is shifting toward altcoins with high upside potential.
๐ Technical Analysis (August 2025)
Support Zone: $0.00001600
Resistance Level: $0.00002150
If SHIB breaks the $0.00002150 resistance with volume, we might see a run toward $0.00002500 in the short term.
๐ง Verdict: Buy, Sell, or Hold?
๐น Buy if youโre looking for short-term breakout potential.
๐ธ Hold if youโre already in profit and want to ride the Shibarium wave.
โ ๏ธ Sell only if it fails to maintain momentum near the $0.000021 mark.
๐ข My Pick: I'm personally keeping a close eye on SHIB โ a buy on dips strategy might be ideal this week. As always, use proper risk management!
๐ Click here to trade $SHIB on Binance
๐ฃ Letโs Discuss:
Do you think $SHIB can hit $0.00003 this month?
๐ Comment below and tell me your strategy!
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