The news content discusses the potential for a bullish reversal in the price of Shiba Inu (SHIB), a meme coin. SHIB recently lost its position in the crypto market to Litecoin but has seen a recovery with a 2.82% gain in the past 24 hours and a positive 6.01% return in the past 7 days. On the 4-hour price chart, SHIB has broken through a descending trendline and is forming an inverted head and shoulders pattern, which is a bullish indicator for a reversal rally. The article also mentions a shift in SHIB holdings, with larger SHIB holders accumulating more coins. The price action suggests a potential breakout rally, with a target of $0.000020, representing a 25% upside potential. The lower Bollinger band and a support level are identified as crucial support for SHIB.



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