Shiba Inu price surged 13% to $0.00001614 after breaking out of a consolidation zone on August 23, though it has since retraced. Investor optimism is growing, driven by increased network usage and volume, along with new developments like the Shiba Inu DAO. SHIB is now just 17% away from a key resistance level, which, if surpassed, could propel the meme coin into a full-blown bull run.