Shiba Inu Poised for Substantial Rally: Can SHIB Go Higher?

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Shiba Inu (SHIB) bounced back from $0.00002367 to $0.00003262, showing a 37.8% increase in a week, driven by Bitcoin’s rebound.

SHIB formed an ascending channel pattern, indicating potential for sustained uptrend towards $0.000032 and possibly $0.000035 and higher.

SHIB’s Commodity Channel Index (CCI) at 53.10 on the daily timeframe suggests room for growth. Resistance lies at $0.00003487, with further targets beyond.

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