SHIB Price Eyes 150% Surge as Shibarium Restores Ethereum Bridge

Shiba Inu’s layer-2 network, Shibarium, is preparing to restart its Ethereum bridge following a security breach that led to a $4 million exploit earlier this ￰0￱ confirmed that they are not only working to restore the bridge but are also outlining a compensation plan for users affected by the ￰1￱ incident, which forced an emergency shutdown, has raised concerns across the community, but the team insists the project is stronger after implementing new ￰2￱ Restart and Security Enhancements As reported by Coinpaper, the exploit occurred on September 12 when a hacker manipulated Shibarium’s Ethereum-linked contracts with fake ￰3￱ triggered an automatic shutdown designed to protect the ￰4￱ the same time, the attacker staked millions of dollars in BONE tokens in an attempt to gain control of validation ￰5￱ approximately $4.1 million worth of ETH, SHIB, and other tokens were drained, developers were able to recover 4.6 million BONE tokens soon ￰6￱ a post-mortem update , the team said all validator keys have been rotated and over 100 contracts were migrated to secure ￰7￱ moves aim to harden the network against future ￰8￱ for reimbursing affected users remain in progress, signaling the developers’ intent to restore trust within the ￰9￱ Eye Possible Price Rebound Despite the setback, analysts are turning their attention to Shiba Inu’s market ￰10￱ analyst Javon Marks has pointed to a bullish divergence on SHIB’s two-day ￰11￱ technical signal often suggests a reversal from bearish to bullish ￰12￱ projects SHIB could climb more than 150%, with price targets near $0.000032.

The token last reached those levels in December 2024 during a broader market ￰13￱ further believes that breaking past $0.000032 could open the door to even higher moves, potentially extending toward $0.000081. That would place SHIB closer to its all-time high of $0.00008845. Key Resistance Levels to Watch