Shiba Inu (SHIB) has recently shown signs of a breakout, indicating a potential upward trend in its market performance. The strong burn activity further contributes to this bullish outlook, suggesting a decrease in supply and potentially increasing demand.
However, the on-chain data presents a mixed picture. While there are indicators supporting continued bullish momentum, investors should approach with caution, considering the volatility often associated with cryptocurrency markets.
Overall, December might present an opportunity for SHIB, with the potential for growth outweighing immediate risks. Investors should stay informed and consider macroeconomic factors influencing the broader crypto market.
