Meme tokens often gain significant value during a market rally, which is a very positive signal. If we anticipate a more active bull market in the coming period, meme projects are likely to be among the first to rise. Therefore, I believe meme projects should attract more attention. I believe that among meme projects, not only SHIB but also #DOGE , #PEPE , #WIF , and #MEME have significant potential.
Examining the 8-hour chart of Shiba Inu (SHIB), we can see a particular formation has developed. If this structure is broken and confirmed, the price target will be the next nearby peak. Below is an example of this formation.
If we analyze the Shiba Inu chart further, we can observe a downward trend forming. Breaking this trend and successfully retesting it are crucial. After this retest, I expect a move towards the green zone, which I have marked as the formation target.
