Shiba Inu (SHIB) Secures New Listing on Big Korean Exchange

In a major development for the popular meme-inspired cryptocurrency, Shiba Inu (SHIB) has secured a new listing on Coinone, one of South Korea's largest crypto exchanges. This strategic move is expected to amplify SHIB's presence in Asia and significantly boost its trading volume.

Timeline of Shiba-inu

Shiba Inu News: 2.4 trillion Shiba Inu (SHIB) tokens were moved from BinanceUS to an unknown wallet, according to Whale Alert. Shiba Inu witnessed a rise in whale accumulation after lead developer Shytoshi Kusama announced the possibility of releasing the much-awaited Shibarium mainnet in August along with the Worldpaper.

Shiba Inu Price Analysis: In the weekly time frame chart, the Shiba Inu price shows the formation of a falling wedge pattern. Under the influence of this pattern, the coin price coverage within two downsloping trendlines suggesting the downward trend is reaching maturity.

Shiba Inu (CRYPTO: SHIB) was trading mostly sideways during Wednesday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE) which was trading flat with an inside bar pattern. While Shiba Inu is also trading with an inside bar, the crypto has formed a symmetrical triangle pattern on the 24-hour chart.

According to data provided by the Shibburn platform, which tracks down SHIB burn transactions from Etherscan, the Shiba Inu community has made a significant effort to burn more SHIB.

The official Tangem Twitter account shared exciting news, confirming the imminent launch of the highly anticipated Shiba Inu wallet. According to the tweet, early customers can expect to get their hands on these cutting-edge wallets as early as next week.

Shiba Inu remains at a decisive point as bulls and bears tussle to gain control of the SHIB price. IntoTheBlock's In/Out of the Money Around Price (IOMAP) offers an idea as to what is happening behind the scenes for the SHIB price and where bulls and bears currently stand.

Dogecoin (CRYPTO: DOGE) rival Shiba Inu (CRYPTO: SHIB), has witnessed a rise in the crypto market throughout 2021; however, it has experienced a significant decline from its all-time high. What Happened: A fascinating aspect of this cryptocurrency is that owning less than $10 worth of SHIB can actually get you over a million SHIB tokens, as Shiba Inu is currently trading at approximately $0.000007819.

The Shiba Inu price has established a promising uptrend in the 1-day chart since June 10, which could catapult the price 24% higher. However, SHIB investors should remain cautious, as NewsBTC reported a few days ago.

Shiba Inu (SHIB), a meme-based cryptocurrency known for its volatile price swings and vibrant community, is establishing a significant foothold in Canada. The cryptocurrency's community has recently announced a significant partnership with Welly, a unique fast-food chain.

Shiba Inu Price Analysis: An ascending triangle pattern is currently carrying the short-term bull trend in the Shiba Inu price. The bullish continuation pattern is formed using a support trendline and a horizontal neckline resistance.