$SHIB is looking promising, with several indicators suggesting a potential pump. The meme coin has been experiencing a significant surge in transaction volume, rising by over 43% to $2.18 billion, which could stabilize its price on a bullish trajectory ¹.
*Bullish Chart Signals*
Some analysts have identified bullish patterns, including an inverted head and shoulders formation, which could signal a shift from decline to rally ². Additionally, the Relative Strength Index (RSI) is at 46, and the Stochastic RSI is at 55, indicating that $SHIB is neither overbought nor oversold ³.
*New Listings and Futures Contracts*
The recent listing of Shiba Inu on a prominent Australian exchange, Bitcoin.com.au, and the upcoming launch of a USDC-margined 1000SHIB perpetual contract on Binance Futures, could further boost the coin's price ¹.
While these indicators are promising, it's essential to remember that cryptocurrency markets are highly volatile, and investing in digital assets carries significant risk. Always invest responsibly and only with funds you can afford to lose.