Shiba Inu Price Analysis: Shytoshi Kusama Teases “Back to the Future” Collaboration – Will It Drive SHIB to New Highs?
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
The Shiba Inu (SHIB) price is advancing nicely on Monday in tandem with a broader push higher in the crypto markets.
SHIB was last higher by about 3.5% and just above $0.000018, per TradingView.
The Ethereum-based meme coin continues to move higher per an upward trendline, suggesting the bulls remain in market control.
A retest of the 200DMA, which was last just under $0.000020, seems likely.
The SHIB price failed to break above its 200DMA back in late October, so this is a key resistance level.
Some traders noted the prospect of a fun collaboration between SHIB and the legendary film franchise “Back to the Future”.
Lead SHIB pseudonymous developer Shytoshi Kusama quote tweeted a recent ad from DeLorean Motor Company, the maker of the famous time-traveling car from Back to the Future, hinting at a future collaboration.
WOOF! It doesn't get more exciting than this! @Deloreanmotorco, @DeLoreanlabs and @DocBrownLloyd in a commercial featuring … a #ShibaInu! Hmmm… makes you wonder what the future holds. #SHIBARMY Collect your FREE time capsule now for a chance up at some furtastic prizes!
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