The Shiba Inu price experienced a 2.7% increase during Friday’s trading session, reaching a new value of $0.000018. This bullish momentum is attributed to the renewed Uptober rally sentiment as Bitcoin shows significant increases toward the $70,000 mark.
The presence of an Inverted Head and Shoulders pattern, which is a classic bullish signal in technical analysis, suggests that Shiba Inu’s ongoing price correction could be nearing its end. If this pattern unfolds as expected, a massive rally, potentially reaching up to 48%, could be on the horizon.
This market activity is creating optimism among investors, with many anticipating further gains in Shiba Inu’s value, fueled by overall market trends such as Bitcoin’s performance.
