Analysts are monitoring Shiba Inu (SHIB) closely after a recent decline of over 3% in the past week and more than 4% in the last two weeks. Despite this bearish trend, some experts forecast a possible trend reversal.
Jonathan Carter, a chartist on the X platform, indicated that technical analysis points to a breakout potential for SHIB.
Experts suggest that the cryptocurrency could reach a target price of $0.000038 if the trend reversal materializes.
