Shiba Inu (SHIB) price has shown a slight rebound, staying above $0.000016 over the last 24 hours. The broader cryptocurrency market recovery has led to bullish expectations of further price gains. SHIB's consolidation over the past week may lead to a potential breakout.
A significant outflow of 35 trillion SHIB tokens and market capitulation signals suggest the price could triple soon. The renewed investor interest in SHIB adds to the positive outlook for the cryptocurrency.