According to on-chain data, Shiba Inu shows potential for a significant rally, eyeing a 40% increase in value. The article highlights that should Shiba Inu manage to close a weekly candle above the $0.000021 mark, it may ascend to $0.000030.
This optimistic projection comes as Bitcoin's market performance is closely monitored, with its price nearing all-time highs, shedding some light on how the broader cryptocurrency market is positioned.