Shiba Inu (SHIB): A Bullish Breakout on the Horizon?
Hello, Binance fam! Mindful here with the latest insights on Shiba Inu (SHIB). The top meme coin is making waves, surging over 6% today as on-chain metrics signal bullish momentum ahead. With declining exchange supply and increased whale activity, SHIB seems poised for a breakout.
Currently trading at $0.00002322, SHIB’s inverse head and shoulders pattern hints at a potential rally to $0.000035 in the near term and possibly $0.000045 beyond that. The increased Shiba Inu Futures Open Interest—up nearly 10%—reinforces market confidence in this upward trajectory.
Investors appear to be regaining interest in risk-bet assets like SHIB despite recent market volatility. With strong technical indicators and renewed optimism, SHIB could soon reach new heights. Keep a close eye on this rising star as it gears up for an exciting breakout!
