Shiba Inu in big bullish lead with 2.6 billion SHIB traded in 24 hours.

Shiba Inu could pull off an astonishing rally to break major resistance.

Shiba Inu (SHIB) has a bullish advantage as it maintains another uptrend for this week. In the last 24 hours, the price of Shiba Inu has risen by $0.00001937, up 3.54%. The token has solidified its momentum with its performance as of late, a trend that has seen its price skyrocket as much as 16.62% in the last week.

Shiba Inu bullish trend.

Shiba Inu is a success story as an altcoin and as a meme currency. With the latest rally, the token has expanded its market capitalization to once again surpass that of Avalanche (AVAX). While Shiba Inu's market valuation stands at $11.43 billion, Avalanche's is $11.33 billion.

While Avalanche is one way to examine the growth of Shiba Inu, the main pursuit of the token is higher. Firstly, it plans to break through the resistance level set at $0.00002. If achieved, it would mean that SHIB is breaking one of its longest losing streaks so far this year.

Although it took several months to violate

the $0.00001 price mark, current metrics

are indicative of transcendental growth

forward. A crucial way to demonstrate this is

24-hour trading volume.

This metric has continued to reduce its losses by more than 2.6 billion SHIB traded in 24 hours. This is evidenced by the highly bullish sentiment in the Shiba Inu ecosystem.

How high can SHIB go?

Shiba Inu is currently showing intriguing growth trends, which tend to take its price beyond the immediate target of $0.00002, but up to $0.000025 by the end of this month.

If the rally holds, whale accounts continue their massive purchases and other ecosystem fundamentals remain intact, this could boost growth ambitions