$SHIB Inu (SHIB), a prominent meme-based cryptocurrency, has recently exhibited signs of a potential bullish trend, aligning with movements observed in $BTC . As of February 5, 2025, SHIB is trading at approximately $0.00001631, reflecting a slight increase of 0.05294% from the previous close. In contrast, Bitcoin is trading at around $97,476.00, experiencing a minor decline of 1.765%.

In 2024, #SHIBA🚀 demonstrated significant growth, particularly in the Indian market, where it became the most traded cryptocurrency on the WazirX exchange in March. This surge in trading activity underscores SHIB's rising popularity among Indian investors.

Technical indicators have also pointed toward a bullish outlook for SHIB. In November 2024, the cryptocurrency experienced a 36% surge, leading to the formation of a "golden cross" pattern—a bullish signal where the short-term moving average crosses above the long-term moving average. This pattern often suggests the potential for continued upward momentum.

Furthermore, increased activity from large holders, commonly referred to as "whales," has been observed. In December 2024, these investors accumulated approximately $60 million worth of SHIB within a single day, indicating renewed interest and confidence in the token's future prospects.

While SHIB's correlation with Bitcoin has seen fluctuations, with periods of decoupling, the overall market trends and investor behaviors suggest that SHIB is positioning itself for a bullish phase alongside Bitcoin. As always, investors are advised to conduct thorough research and exercise caution, given the inherent volatility of the cryptocurrency market.