In a refreshing turn of events for the meme coin market, Shiba Inu (SHIB) is experiencing a significant uptick in its price action. After breaking through the ascending triangle pattern, a bullish sign in technical analysis, the dog-themed cryptocurrency has been in a growth phase, showing promising signs of recovery. Since yesterday, SHIB has rallied by more than 7%, with signs pointing to further gains.
One contributing factor to this impressive surge has been an increase in trading volume. The influx of capital into the Shiba Inu market suggests renewed interest from investors, potentially indicating a resurgence of bullish sentiment.