Market experts pointed out that Shiba Inu finally broke the bearish trend in which he was since May 13, indicating a possible change in the trend.
Shiba Inu (Shib)one of the most popular assets of the crypto universe, showed A renewed strength when registering a daily rise of 5%underpinned by favorable technical signals, advances of its ecosystem and a more optimistic context for the market in general.
According to Trader Shib Knight, Shib managed to break the bearish trend that dragged from May 13, which opens the door to a possible cycle reversal. Meanwhile, Joe Mitoshi, another weight analyst, stressed that the long -term graph shows a bullish configuration, and anticipated that if it exceeds line 1: 1, the token could start a relevant rally.
Token and sustainable income utility
So far this week, More than 60 million Tokens Shib were burned, and daily transactions in Shibarium exceed 4 million for more than a month. In addition, according to Intotheblock data, the volume of large operations (greater au $ 15,000) grew from 37 to 44 in just one day.
The main developer of Shib, Shytoshi Kusama, stressed that the focus is not only in the usefulness of the Token, but also in generating sustainable income. In line with that goal, he announced The imminent presentation of a document focused on artificial intelligence, under the “Jul-Ai” project, together with key milestones that will mark the month of July.
Source: Ambito
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