Shiba Inu token price has unexpectedly reversed course, exhibiting a stunning recovery after suffering a significant decline of around 5% just yesterday. The token’s value has increased by 1.5% today, which is a little but notable increase. This sudden change might be ascribed to the much awaited teaser that mysterious Shiba Inu representative Shytoshi Kusama unveiled.
Kusama, who is known for including more questions than answers in each of his publications, has once again captured the interest of the cryptocurrency community. This time, however, the Shiba Inu team themselves took the initiative to start the conversation by introducing a provocative remark to introduce a fresh video: “Wen is so last year. Where is the actual concern?
Despite the excitement generated by Kusama’s teaser, attention swiftly returned to the value of the SHIB token. After the release and the general brief lull in activity on the cryptocurrency market, the Shiba Inu coin saw interesting price movement.
Shiba Inu (SHIB) price outlook
The value of the token rose following the teaser release after initially falling to $0.000007 per SHIB. The cost thereafter experienced a sharp increase, reaching $0.000073.
There are two potential outcomes when the SHIB price chart is analysed. According to the first scenario, the strength and presence of potential purchasers would be indicated if the Shiba Inu token maintains its present level and the daily candle closes here.
The second possibility suggests that the recent increase was only a correction and that the token may be embarking on its “last” voyage if the price drops back to or perhaps goes below $0.000007 following this recovery.
