Shiba Inu (SHIB) Token Price Climbs After Experiencing a Sharp Pullback

The Shiba Inu token, a meme-based cryptocurrency, has been steadily climbing after experiencing a sharp pullback to a low of $0.000015489 in early October.

Shiba Inu (SHIB) has been rallying after steadily bottoming out at a low of $0.000015489 in early October. As the meme-coin attempts to break through a crucial resistance level once more, this move is attracting attention from investors.

After a sharp sell-off, SHIB price rallies to the beat of a new drum. As the second attempt to break through this level begins, this move signals a bullish trend. Shiba Inu price has been described as “ready to explode” with further upside by an experienced cryptocurrency analyst.

Shiba Inu price has been in an upward trend lately and the next target is being determined. SHIB price rallied from a significant low of $0.000015489 in early October and is up nearly 40 percent since then. Meme coin price is currently trading around $0.000021676 and looking for the next target.

As previously reported, SHIB price has reached the next resistance level, which may allow the meme coin price to rise further. The analyst said SHIB price looks "ready to explode" if it breaks this resistance level.

Also, the analyst added that the SHIB price may explode by the end of next week and investors should be ready for this move. According to the analyst, SHIB price may explode by the end of next week and investors should be ready for this move.

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