#SHIB bull run is coming

Shiba Inu's history might see it jump to high of $0.0001 if current momentum is sustained

The asset trades in a consolidation zone between the $0.00001167 and $0.0000147 ranges with neutral sentiment. This suggests that SHIB could likely record an uptick supported by historical trends. The bullish set up in May might be all SHIB needs to experience a breakout.

As of press time, the SHIB price was changing hands at $0.00001344, a slight decrease of 0.94% in the last 24 hours. Meanwhile, SHIB traders are pulling back as trading volume has dropped by 7.00% to $164.11 million.

However, in the broader SHIB ecosystem, the deflationary token burn mechanism has been reactivated as efforts are being made to reduce supply. This move could trigger an upsurge in price and align with the bullish scenario that is emerging on the market.