The price of Shiba Inu (SHIB) has entered a bear market, dropping over 20% from its recent high. However, there are indications that the price may bounce back, including a significant increase in the burn rate and a rise in the number of total addresses in the Shibarium network. Analysts are bullish on SHIB, with one predicting a parabolic move that could push the price to a record high. Technical analysis also supports a bullish case, with the formation of a golden cross pattern and a cup and handle pattern. If the price rises above the cup pattern, it could climb to its year-to-date high of $0.000045.



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