Shiba Inu Price Analysis: Shiba Inu<\/a>, one of the top names in the meme coins sector, stands at a bullish crossroads. The meme coins are siphoning additional momentum with the Bitcoin price crossing the $67,000 threshold.\u00a0<\/span>The Shiba Inu token jump shows a potential trend reversal arriving with Bitcoin starting its post-halving rally. Will this $14.4 billion meme coin cross the $0.000024 mark with a fresh buying spree?<\/span><\/p>\n Also Read: Shiba Inu Takes Center Stage With Dedicated Payment Page On Binance Pay<\/a><\/p>\n <\/p>\n The downtrending SHIB price<\/a> action shows the high possibility of a trend reversal as the broader market recovery gains momentum. With the recent jump of 13% over the past 6 days, the meme coin signals an end-of-correction phase with a pattern breakout.<\/p>\n As the recent surge overcomes the overhead resistance trendline, Shiba Inu shows a symmetrical triangle breakout. Furthermore, the meme coin shows a double bottom reversal with a neckline at $0.0000262.\u00a0<\/span><\/p>\n<\/blockquote>\n <\/p>\n As the underlying demand increases, the multiple pattern breakout signals a potential bull run. This is because the trapped momentum within the pattern can now pump the SHIB price in the coming days.\u00a0<\/span><\/p>\n Currently, the SHIB price trades at $0.0000245 with an intraday loss of 2.1% following the 1.83% surge last night.\u00a0<\/span><\/p>\n <\/p>\n The triangle breakout rally shows potential to reach the $0.000028 mark by the end of this month. Optimistically, an uptrend continuation could reach the $0.00003285 mark, if the momentum sustains.\u00a0<\/span><\/p>\n On the flip side, a correction in the broader market might dump the meme coin under the $0.00002 mark.\u00a0<\/span><\/p>\n <\/p>\n Related Articles<\/p>\n <!– <\/p>\n –><\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <!– <\/p>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\nSHIB Eyes $0.00003285 with Pattern Breakout and Increased Demand<\/b><\/h2>\n
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