DOGE Risks Returning to Sub-$0.0740 Twitter silence

The Shiba Inu (SHIB) coin was up 0.36% on Monday. Reversing its losses of 0.36% from Sunday, SHIB stock ended the day at $0.00000832.

A bullish start to the day saw SHIB stock rise to an early morning high of $0.00000835. However, when SHIB failed to reach the first major resistance level (R1) at $0.00000839, SHIB fell to a late low at $0.00000825. While avoiding the first major support level (S1) at $0.00000820, SHIB rebounded to end the day at $0.00000832.

There have been no updates from Elon Musk or Twitter regarding progress toward integrating DOGE into the payment platform. The lack of updates triggered investor caution, which sent the DOGE index lower.

The listing of Trading View Charts on Twitter has raised hopes that Twitter will integrate DOGE on the platform. However, the news was muted, which led to a decline from $0.0780.

In contrast, SHIB tracks the broader cryptocurrency market into positive territory. US retail sales figures from the holiday season and China’s easing of Covid-19 restrictions gave the NASDAQ a ticking-down boost, sending the cryptocurrency higher of late.

Today, investors need to monitor the news feed for any Twitter updates. Shibarium updates should also be considered, as upgrading the SHIB will likely increase the prices of the SHIB. Shibarium is a Layer 2 upgrade that aims to offer faster transactions with lower fees.

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