【Shiba Inu Price Prediction: This is Why SHIB is About to Take Off】

Shiba Inu Coin (SHIB) has risen for four consecutive days, currently priced at $0.000028, up 145% from its August low, but still below the monthly high of $0.000030. Technical analysis indicates that Shiba Inu Coin has formed a 'cup and handle' pattern, suggesting a potential breakout above $0.000030 in the short term, possibly rising further to $0.000085. If it falls below $0.000020, it could drop to $0.000010.

SHIB formed a 'golden cross' on October 31, a technical signal that typically indicates a price uptrend. The last golden cross occurred last October when the price surged to a high of $0.000045. Indicators such as RSI and MACD also show rising momentum, supporting bullish expectations.

SHIB's upward momentum is supported by several factors. First, Bitcoin is approaching the psychological barrier of $100,000, boosting market sentiment, with meme coins often performing strongly during this time. Second, the burn rate of Shiba Inu Coin remains high, with over 410 trillion SHIB already burned in the past, reducing circulating supply and supporting price increases. The ongoing development of the Shibarium blockchain and ShibaSwap decentralized exchange also provides fundamental support for SHIB, with Shibarium processing over 550 million transactions.

On a macroeconomic level, Shiba Inu Coin may benefit from the Federal Reserve cutting interest rates and the potentially crypto-friendly policies that the Trump administration may implement. Analysts predict that Shiba Inu Coin may launch an ETF in 2025, further boosting market demand. Nevertheless, investors should be wary of potential pullback risks.#SHIB抄底shib了兄弟们，这玩意看着很硬，山寨普遍跌30+，它才跌十来个点 $SHIB