SHIB back to $0.000013 based on network updates and US stats

However, as DOGE climbed against the third major resistance level (R3) at $0.0898, DOGE fell to a late afternoon low of $0.0779. DOGE fell through the first major support level (S1) at $0.0815 and the second major support level (S2) at $0.0802 to end the day at $0.0800.

The Shiba Inu coin (SHIB) rose 5.88% on Wednesday. After rising 0.19% on Tuesday, SHIB stock ended the day at $0.00001117.

A bullish start to the day saw SHIB rise from an early low of $0.00001053 to a high of $0.00001295. SHIB broke the major resistance levels before retreating below $0.000011. The decline saw SHIB break through the third major resistance level (R3) at $0.00001168 and briefly through the second major resistance level (R2) at $0.00001111.

However, after finding support lately, SHIB bounced back through R2 to end the day at $0.00001117.

Shiparium to promote morale and activism send ship north

Investor sentiment towards the Shiparium upgrade continued to push SHIB north. On Wednesday, SHIB tested the $0.000013 resistance for the first time since November 6. An expected increase in burn rates and faster transaction speeds, combined with lower fees, led to a pickup in campaign activity to support the midweek outbreak.

News of SHIB, making it into the top ten most-bought of the top 500 ETH picks contributed to the bullish start to the day. SHIB was also reported to be the largest token center by dollar value of the top 100 ETH picks early in the session.

There were no updates to provide DOGE support, with the DOGE SHIB tracking before a reversal in the late afternoon.

Today, network updates will remain the most important drivers. However, the lack of updates would leave the broader cryptocurrency market to provide direction in the afternoon session.

US economic indicators and corporate earnings will influence the NASDAQ and the broader crypto market. Unemployment claims and Philadelphia manufacturing numbers will be in focus.

Netflix (NFLX) will release earnings results on other big names, which will also attract interest.

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