Shiba Inu $SHIB continues to solidify its position as a dominant player in the meme coin market, experiencing a remarkable surge of over 70% in the past 30 days, according to CoinMarketCap data. During this period, SHIB's price has fluctuated between $0.000016 and $0.000029, showcasing significant investor interest.
Market analyst Astekz has offered a bullish outlook for SHIB, suggesting that the coin might consolidate before making another upward move. In a recent post on X, he predicted that Shiba Inu could soon climb above $0.000045, reflecting its potential for further growth.
Additionally, TradingView data supports this positive sentiment. The SHIB price currently trades above its 10-day EMA of $0.000027, indicating ongoing bullish momentum. Moreover, the MACD level for Shiba Inu stands at 0.0000019, a value within the "buy zone," signaling a potential entry point for interested investors. These technical indicators suggest a favorable outlook for SHIB, reinforcing its position as a top meme coin.
