Shiba Inu (SHIB) is showing signs of strength with bullish chart patterns, rising whale activity, and increased token burns.
The token is approaching a critical breakout point at approximately $0.0000129, which could spark an 80% rally, with prices aiming for a push towards $0.000023.
Whales have been actively transferring SHIB tokens, and the burn rate has significantly increased, tightening the token's supply and potentially driving further price appreciation.
Analysts believe that if SHIB can break through the major resistance level at $0.000014, it could potentially lead to a 17x rally, with additional hurdles at $0.000014 and $0.000019.