The price of Shiba Inu has been steadily on the rise, and several factors indicate a more optimistic outlook for this meme coin
Shiba Inu's adoption rate is impressive, with three major companies now accepting it as a form of payment, underscoring its potential for a bright future
Bulls in the Shiba Inu market clearly outnumber the bears, as evidenced by the Bid-Ask Volume Imbalance, which favors bulls with an astonishing 485% advantage
Shytoshi Kusama, the leader of the SHIB development team, has hinted at a secretive artificial intelligence (AI) initiative in collaboration with the Bad Idea AI team, further fueling intrigue around the project
Currently, Shiba Inu is forming a descending wedge pattern, a highly bullish formation that could potentially lead to a significant rally and a breakout to the upside for the cryptocurrency