Shiba Inu Price Breaks Out: Can Soaring Burn Rate Sustain the Bullish Momentum?
Posted On May 14, 2025
Currently trading at $0.00001630, Shiba Inu (CRYPTO: SHIB) has marked a substantial 27.5% gain on the weekly chart. Crypto analyst, CryptoGuru, highlighted that SHIB has broken out cleanly from a descending channel and suggested a potential 68% upward move if the current pullback maintains support at the breakout level.
“Price reclaimed the 21 EMA and is now pulling back slightly” said CryptoGuru.
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Shiba Inu has seen an increase in trading volume, as per the data shared by a news report on U.Today. Although trading volume across the market saw a dip, the SHIB/USDT trading volume on Binance has jumped by 8% in the last …
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