Shiba Inu (SHIB), the second-largest meme coin by market cap, is expected to break its consolidation phase as major cryptocurrencies like Bitcoin and Ethereum experience upward momentum. On-chain analytics firm Coinglass reports a rise in traders' and long-term holders' interest in SHIB, with a significant outflow of $10 million from exchanges in the past three days. This outflow suggests potential upside momentum and buying opportunities. Despite the consolidation occurring near a crucial support level and the 200 EMA, SHIB appears bullish, with a breakout from its consolidation zone and a bullish morning star candlestick pattern. Experts predict a potential 20% surge to the next resistance level of $0.000028 if the current sentiment remains unchanged. Currently, SHIB is trading around $0.000023, experiencing a 6.5% price surge and increased trading volume, indicating increased participation from traders and investors.



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