Shiba Inu cryptocurrency has experienced a period of bullish momentum, reaching a nine-month peak after recovering from a recent slump. The market is showing signs of a patchy recovery, with altcoins like Shiba Inu initially suffering as Bitcoin collapsed. However, Shiba Inu has maintained a bullish momentum since early November, breaking out of a falling wedge pattern and experiencing an 87% increase in price. Market analysts remain bullish on Shiba Inu's future, with predictions of further growth and the possibility of a "god candle" surge. The cryptocurrency now aims to break an eight-month resistance level and potentially reach higher Fibonacci retracement levels. Recent large transactions and high daily transaction volumes suggest ongoing demand for Shiba Inu.
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