Shiba Inu (SHIB) price is consolidating, with signals pointing to a possible explosive rally.
SHIB price on the daily chart is forming a base for a potential 500% surge, currently trading around $0.00001300.
The hourly chart shows the potential for a breakout above $0.00001350, with resistance at $0.00001345 and further upside potential.
A 500% gain from the current price would take SHIB to $0.00007800, near its previous all-time high, depending on various factors like market sentiment and utility upgrades.