Shiba Inu Price Jumps 15% – Is a 60% Rally Coming?

Shiba Inu Price Jumps 15% – Is a 60% Rally Coming?

The price of Shiba Inu (SHIB) surged by 15% in the past 24 hours, reigniting bullish momentum in the meme coin. With growing investor interest and key technical indicators flashing buy signals, analysts predict a potential 60% rally in the coming weeks.

Key Factors Driving SHIB’s Surge

1. Bitcoin’s Recovery & Market Sentiment
   Bitcoin’s rebound above $63,000 has boosted altcoins, including SHIB.
   Increased risk appetite among traders is fueling meme coin demand.

2. Shiba Inu Ecosystem Developments
   Shibarium (SHIB’s Layer2 network) continues to grow, with over 3.7 million transactions processed.
   The upcoming ShibaSwap 2.0 upgrade could enhance DeFi utility.

3. Whale Accumulation & Burning Mechanism
   Large investors (whales) have been accumulating SHIB, signaling confidence.
   The SHIB burn rate has spiked, reducing circulating supply.

   Technical Analysis: Bullish Breakout Ahead?
   Current Price: ~$0.000025 (15% increase in 24H)
   Key Resistance Levels: $0.00003 (next target), $0.000045 (60% rally potential).
   Support Level: $0.000022 (must hold for bullish continuation).

   Can SHIB Rally 60%?
   If buying pressure sustains and Bitcoin remains stable, SHIB could:
   Break $0.00003 (20% upside from current levels).
   Target $0.00004–0.000045 (60% rally) if market sentiment stays bullish.

   Risks to Watch
   Bitcoin Volatility: A BTC drop below $60K could trigger an altcoin selloff.
   ProfitTaking: Shortterm traders may book gains near resistance levels.

   Conclusion
   Shiba Inu’s 15% surge has set the stage for a potential 60% rally if bullish momentum continues. Investors should monitor Bitcoin’s price action and SHIB’s ability to hold key support levels.

Would you buy SHIB at this level? Let us know in the comments! 🚀

(Disclaimer: This is not financial advice. Always do your own research before investing.)

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