$SHIB , the second-largest meme coin by market cap, has seen a significant surge to hit a three-week high on September 19. Some analysts believe that the coin has not yet reached its peak, with some predicting further spikes ahead. One user on the X platform pointed out the possibility of a triangular pattern forming on the price chart of $SHIB , and if this pattern is broken, the coin could see a 10,000% surge. To achieve this massive surge, the coin’s market cap would need to rise to around $800 billion, a significant number compared to the current situation, where it is only surpassed by Bitcoin. Despite this optimism, some analysts such as Javon Marks believe that the coin is still around 470% away from reaching the upside target of $0.000081, but the recent recovery could be a catalyst for a major upside move.

One of the indicators supporting the $SHIB rally is its growing popularity on social media platforms. According to LunarCrush, the coin has seen its highest level of social engagement since mid-August, which supports the possibility of an upside. However, social engagement with the coin has been weak in the past months. #BinanceTurns7 #SHIB، #Shibalnu #Binance #Shibarium