Shiba Inu, known as the second largest meme coin in the cryptocurrency world, is currently in the spotlight. This prominence follows its recent success in surpassing a significant resistance level, creating bullish expectations among investors.
The cryptocurrency market, in general, is experiencing a surge in optimism, reflected in the fear and greed index. This enhanced trust is largely attributed to Bitcoin's recent rally, where it crossed the impressive $100,000 mark.
Given these circumstances, market analysts suggest that there is potential for Shiba Inu's price to continue its upward trajectory in the forthcoming weeks. The next few weeks will be pivotal in determining how high Shiba Inu's price can reach by the end of December.
