Shiba Inu almost reached $0.000045 during the weekend, before Elon Musk put a stop to the increase, but now the network activity seems to be back on track.
After almost reaching $0.000045, Shiba Inu fell to $0.000035. An immediate reflex recoil took place in which the coin fell to just $0.00004. Currently, it is trading at 0.000041.
Buyers continue to have the upper hand and a buy signal has also been sustained. If this continues, Shiba Inu may eventually grow past the $0.000045 level.
The activity on the network has been on the rise. For example, there have been 29,000 new addresses created on the protocol recently and the total of active addresses per day reached 57,000. This is a true sign of a bullish network.