Shiba Inu (SHIB), a popular meme coin, is expected to see a price surge based on technical analysis and on-chain data. The coin has formed a bullish pattern and is at the bottom of a consolidation zone, with a potential to soar by 18% to reach $0.00002466. The Relative Strength Index (RSI) also suggests a potential price reversal and upward momentum. On-chain data shows that exchanges have witnessed an outflow of $32 million worth of SHIB, indicating potential accumulation by long-term holders. This accumulation, combined with the technical analysis, suggests that bulls have begun to dominate and could push the price towards the upper boundary of the consolidation zone. Currently, SHIB is trading near $0.000021.



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