A recent analysis by ZelfTrade suggests a potential trend reversal for Shiba Inu on the weekly chart, indicating a last chance for a significant rally.
The analyst highlighted a pivotal support level that Shiba Inu is currently sitting on, which has previously led to price rebounds.
If the momentum reversal continues, ZelfTrade anticipates a two-fold rally, potentially taking Shiba Inu's price to $0.00002394, a six-month high.
However, the analyst also warns that if there is a lack of upward price action and Bitcoin dominance persists, Shiba Inu could face another 50% drop, potentially reaching $0.00000598.