#ShibaInu ($SHIB ) is trading at approximately $0.00001489 USD, reflecting a slight increase of 0.10789% from the previous close.​

Over the past week, $SHIB has demonstrated a bullish trend, rallying by 17% and indicating strong investor interest. This upward momentum is attributed to factors such as the proposal of a SHIB Exchange-Traded Fund (ETF), which has sparked hopes for a significant breakout. ​

Analysts are closely monitoring key resistance levels, particularly around $0.00001600. A successful breach of this threshold could pave the way for further gains. Conversely, failure to surpass this level may result in a pullback, with support anticipated at lower price points.​

Looking ahead, some projections suggest that SHIB could experience a substantial rally, with potential increases of up to 200% in the next five weeks. However, it's essential to approach such forecasts with caution, as the cryptocurrency market is highly volatile and influenced by various factors