Shiba Inu has restarted BONE transfers on the Shibarium bridge following security fixes, accomplished the ultimate pre-launch step for LEASH v2 following an external audit, and shipped a multi-chain ShibaSwap upgrade. The updates arrived in September and mid-October and deal with infrastructure, not price.
The Shibarium Bridge returns with recent security measures
The team reopened the plasma bridge for BONE on October 14th after a verification and hardening cycle. Lead creator Kaal Dhairya said that users will find a way to maneuver BONE between Ethereum and Shibarium again. The post described the relaunch as safer and resilient than the previous setup.
Additionally, the recovery follows a security incident in September that was described in a previous technical note. This note described how an unauthorized validator power supply enabled a malicious exit via the PoS bridge. The document also outlined remedial measures and further containment ahead of resolution in October.
In addition, ecosystem and news articles detailed the present operational guidelines. They cited a seven-day payout delay and blacklisting tools designed to limit suspicious flows while bridging CVs. Together, these checks form the idea for putting the bridge back into operation.
LEASH v2 reaches pre-launch after Hexens audit
Developers reported that the LEASH v2 contract and migrator passed a third-party security review in September. The team said the migration will begin with a hard and fast offering model to remove the chance of previous offering changes in LEASH v1. They added that launch details would follow the audit milestone.
Reporting from industry representatives in accordance with plan and schedule. Reports highlighted Hexens as a validator, a no-mint migrator, and a burn-to-claim path that preserves holders' balances upon version 1 discontinuation. These summaries reflected the team's stated stability goals.
Previously, the project released a DAO proposal to standardize migration. It was proposed to make use of the last trusted snapshot before the rebase and require holders and stakers to take part in the burn-to-claim. This proposal established the governance baseline that’s now being incorporated into the rollout.
In mid-September, ShibaSwap released a significant redesign with cross-chain trading and simplified liquidity management. The update brought trading, liquidity and analytics together in a single interface. A wise routing engine was also introduced that selects cheaper or faster processing routes.
ShibaSwap cross-chain swap interface. Source: ShibaSwap Web
Additionally, ecosystem coverage focused on supporting multiple networks at launch. Reports have pointed to connectivity between Ethereum and other major chains comparable to Arbitrum, Polygon and Base, with Shibarium integration on the roadmap. The goal of the redesign was to scale back fragmentation for dealers and LPs.
Additional summaries reflected the platform changes and schedule. They described consolidated position sites and improved mobile usage, portraying the September release as an operational upgrade fairly than a symbolic event. These notes place the DEX work inside a broader infrastructure focus.
SHIB weekly chart tests support after liquidity run-through
Shiba Inu's weekly chart shows a clean retest of a multi-month support cluster. Price printed an extended lower wick that fell below the spring and summer lows before closing back throughout the range. This move signals that liquidity is under support while the broader structure still stays inside clearly defined horizontal levels.
SHIB weekly chart. Source: LargePetrol via TradingView
However, the trend towards higher time frames stays a series of lower highs for the reason that 2021 peak and early 2024 rally. Each jump has stalled below layered resistance marked by red bands on the chart. Consequently, the market continues to contract between this overhead supply and the green support zone that saw the recent decline.
In this context, the present range incorporates probably the most weekly closes in greater than a yr. The escape attempts above quickly subsided, and the collapses below were reclaimed with wicks as an alternative of bodies. Therefore, the chart communicates balance: sellers defending resistance, buyers reacting at support, and direction awaits a decisive weekly close outside this corridor.
Going forward, watch the identical levels highlighted on the chart. A weekly close below the support band would confirm a spread break to the downside, while a weekly close below the closest red resistance would move the structure to neutral. Until then, SHIB is trading inside a spread with liquidity chasing at each edges.
SHIB prints bullish flag; Breaking the highest of the flag brings 0.000019 into play
Shiba Inu's SHIB/USD each day chart shows a transparent bullish flag: a pointy upward “pole” in July, followed by a descending parallel channel downwards into October. The price reclaimed the lower rail of the channel after the long capitulation phase and is now hovering near the 50-day EMA at 0.00001174, while the upper flag line is just above the center area of 0.000012. The chart also marks a horizontal goal near 0.00001900, which is consistent with the previous bid and forecast of the measured move.
SHIB USDT Daily Bullish Flag. Source: TradingView
A bullish flag forms when a powerful rise (“pole”) pauses in a downward sloping channel (“flag”). Buyers digest profits while sellers fail to reverse the trend. Then, a decisive break and shut above the flag's upper limit typically continues the previous uptrend. Volume often shrinks throughout the flag and expands upon breakout, confirming participation.
Therefore, confirmation for SHIB requires a each day close above the flag’s upper trendline and a stop above the 50-day EMA. With this, the classic measured move adds the peak of the bar to the breakout level, which targets the 0.000018-0.000019 zone. Starting from the present value near 0.00001024, this goal implies a roughly 85% recovery if the breakout succeeds. Conversely, a lack of the recent wick low area around 0.0000095 would invalidate the setup and keep the channel under control.
