The Shiba Inu price eyes a bullish reversal from $0.0000123 bottom support.

A massive circulating supply of hundreds of trillions of SHIB makes the $1 target unlikely due to the scarcity principle.

Emerging meme cryptocurrencies could drive the inventors' interest away from Shiba Inu coin.

The Shiba Inu price traded sideways for nearly two months, resonating between $0.000016 and $0.0000123 horizontal levels. This consolidation after a seven-month downtrend signals a change in market sentiment and potential bottom formation. As Quater 4 brings a recovery opportunity for SHIB coin, the investor would wonder if this asset could drive a 2021 rally and push for a $1 target. #shiba⚡ #SHIBAUSDT