3,8x Shiba Inu (SHIB) Skyrocket: Memecoin's Big Comeback?

Key Points

1. SHIB is trading above its 50-day and 100-day EMAs, a signal often interpreted as a precursor to long-term rallies.

2. On-chain data shows a 380% surge in large transaction volume, reaching 5.43 trillion SHIB, indicating strong liquidity rotation.

3. The relative strength index (RSI) is pushing into bullish territory, reinforcing the momentum.

4. A breakout above the $0.000013-$0.0000145 zone could lead to a test of the psychologically significant $0.00002 level.