Is Shiba Inu Likely to Rally 150%+ Like its Leader?
Shiba Inu has established itself as one of the market’s most popular meme coins . Investor confidence in meme coins may continue to rise. Recently, meme coins , including DOGE, have experienced a bullish rally . DOGE had recently put out a 145% rally on the weekly. SHIB is currently trading at $0.00001202 as per the data from CoinMarketCap. As per the analysis, SHIB has rebounded after touching 0.000084. This rebound is taken into consideration as a possible strong support area. Will Shiba Inu repeat history? The history is believed to repeat itself, as a similar trend occurred in May 2022. Post this, the price put on a 100% rally. Prior to this, in May 2022, Shiba Inu experienced a dip to the aforementioned trendline, which was then followed by a three-month 100% recovery rally. Similar to this instance, in January 2022, the SHIB/DOGE pair recovered by more than 50% in under a month. If history is any indication, SHIB may once again experience a swift bullish turnaro...