Shiba Inu (SHIB), a dog-themed memecoin, has experienced significant growth throughout 2024, with a 115% increase in value. It had two notable price jumps in March and after Donald Trump's victory. However, it saw a 25% drop in December due to significant whale activity and a major outflow. Despite this, SHIB has recovered with a 12.4% surge in the past 24 hours. In the long term, SHIB has shown positive performance, except for a sharp drop in 2022. Currently priced at $0.00002308 with a market cap of $13.6 billion, technical indicators suggest a strong bullish outlook for SHIB, with key Ichimoku levels, BBPT Bull Power, and RSI indicating further growth. The MACD also confirms a strong upward trend. Potential target levels for SHIB include holding above $0.000020.



Other News from Today