Shiba Inu Signals Major Rally – Social Media Buzz Hits Record, Charts Suggest 110% Upside

The price of Shiba Inu (SHIB) has surged in recent days, standing out among other meme coins. Over the past 24 hours alone, it gained more than 5% and is trading around $0.0000136. This move is backed not only by growing investor interest but also by a spike in social media activity, reaching levels not seen since January.

🔹 Double Bottom Pattern Could Trigger Strong Bullish Trend Technical analysis of the daily chart reveals a rare double bottom pattern – a formation that typically signals a reversal into an uptrend. If buying pressure continues to build, SHIB could potentially double in value, aiming for $0.000029 – representing a 110% increase from its current price. A key milestone for confirming this bullish scenario is breaking through resistance at the 200-day simple moving average (SMA), located at $0.0000147. If SHIB manages to hold above $0.000017, experts believe a sharp upward move could follow.

🔹 Social Media Volume Explodes – SHIB in the Spotlight The volume of social media mentions about Shiba Inu surged by 126% in the past 24 hours, reaching the highest level since early this year. This spike in attention often signals a wave of new retail investors entering the market, potentially adding fuel to the buying pressure. At the same time, Ethereum – the blockchain on which SHIB runs – has outperformed Bitcoin in recent days. This strengthens positive sentiment across Ethereum-based meme coins and boosts the overall outlook.

🔹 110% Rally Within Reach? If the momentum on social media continues and the technical setup holds, Shiba Inu could be on the verge of a significant breakout. Bulls have a strong community, favorable market sentiment, and a technical pattern that could lift the price toward $0.000029 in the coming weeks.

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