- The Shiba Inu team teased the highly anticipated game known as ‘Shiba Eternity’.
- Despite the positive development, the price of SHIB is still in the red
- Shiba Inu faces a correction or breakout in the coming days
Shiba Inu’s SHIB/USD projected game is just around the corner, although no one knows the release date. In an announcement on Tuesday, the developers revealed the name of the game as “Shiba Eternity”. The developers said they were working with Playside Studios to make the game a reality. The game will be available on the Apple App Store and Google Play Store.
Shiba Inu token is yet to respond to the positive developments. At press time, the token had fallen by 2.68% in the past 24 hours. It still remains in the green for the last week after the last gains. A snapshot of the entire crypto industry shows corrections, and Shiba was no exception.
While game development is positive for Shiba Inu, investors remain cautious. Shiba Inu metaverse remains a castle in the air. The community may have to wait longer for the land to be sold as previous milestones have been postponed. As a result, SHIB’s latest recovery is not due to fundamentals, but rather to momentum. We find that the price is currently stuck with two possible outcomes in the coming days.
Shiba Inu Holds Firmly Close To Resistance Level
Source – TradingView
Technically, SHIB is in consolidation mode. The token has closed the $0.000012 resistance and has withstood the decline for nearly a week. At current trading of $0.000011, SHIB remains above the 14-day and 21-day moving averages. That indicates that buyers are looking at a possible breach of the $0.000012 resistance.
On the other hand, the MACD indicator shows dying bullish strength. If buyers don’t take the price higher, SHIB could slide back towards the $0.000010 support.
Overview
Shiba Inu sees a breakthrough of the resistance or a return to the consolidation zone. Investors should watch for the two likely outcomes in the coming days.
