Shiba Inu (SHIB) has recently been characterized by some analysts as a "relic of the past," but its price action suggests it’s far from over. Despite concerns, SHIB has shown resilience with ongoing bullish momentum, bolstered by ecosystem developments like Shibarium upgrades and strategic token burns, which continue to reduce supply. Analysts have pointed to a potential rally for SHIB, with Fibonacci analysis suggesting a possible 650% surge.

While some view SHIB as a fading meme coin, market trends reveal increasing whale activity and significant interest in SHIB's ecosystem advancements, such as the launch of a Shiba Inu-themed game. These factors, coupled with a strong community, could push SHIB's price higher, especially if key resistance levels are broken. However, any potential rally will depend heavily on overall market conditions and continued whale participation.

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