Krutika Adani
Shiba Inu has been in a downtrend since it made a high of $0.000045 on 5 March this year. The price has been moving inside a bullish pennant pattern since then.
If there occurs a breakout in Shiba Inu, the prices could soon reach their 2024 high and provide good leadership to the memecoin markets.
Aside from positive chart patterns, recent developments in Shibarium could give Shiba Inu a strong base for growth.
Shiba Inu has been witnessing high whale transactions, with $129 million transferred in the last seven days.
As altcoin markets are expected to peak in 2025, we expect Shiba Inu to reach a target of 0.01 cents in 2025.