An analyst has pointed out a potential bullish signal for the Shiba Inu (SHIB) token based on a trendline breakout. The token has been struggling to sustain significant rallies recently but has shown a slight recovery. The analyst believes that SHIB is ready for a pump and that breaking above the trendline could lead to a new upward trajectory. Data also shows increased activity among SHIB's large holders, indicating renewed accumulation. Derivative activity for SHIB is also showing promising signs, with increased trading volume and open interest. Liquidation data suggests that bearish traders were caught off guard by SHIB's price movement. However, mixed signals suggest that caution still remains in the long term.



Other News from Today