Price movements of the Shiba Inu token show signs of accumulating buyer interest. Current support and governance changes create conditions for potential growth.
Support at $0.00001050
Shiba Inu is currently trading at $0.00001251 and is supported by a level at $0.00001050. This level has consistently absorbed selling pressure during previous markdown phases, indicating strong buyer interest at this mark.
Growth Target Levels
If Shiba Inu manages to break above the $0.00001600 resistance level, the next targets to watch would be $0.00002450 and $0.00003500. These zones have previously acted as peaks and may serve as checkpoints in the next markup cycle.
Doggy DAO Governance Changes
Doggy DAO has introduced governance proposals aimed at increasing fairness in voting mechanisms. Models such as quadratic voting and one-person-one-vote aim to limit the influence of large holders, enhancing liquidity by removing staking requirements.
Considering the current technical configuration and governance changes, Shiba Inu is likely to break out of its ongoing consolidation, opening opportunities for long-term growth within its ecosystem.
