Shiba Inu has increased by 1.47% after bouncing from a recent low, indicating renewed investor interest.
Indicators, such as RSI, MACD, and WTO, suggest increasing buying pressure and potential trend reversal.
Bicoinmoney's analysis indicates a possible breakout and a bullish pattern called a descending wedge, supporting a price increase.
Despite bearish signals from the Ichimoku Cloud, multiple technical indicators point towards a potential price target of $0.00003036, representing a 143% increase.