#PriceTrendAnalysis

$SHIB Shiba Inu price is gearing up for a potential 300% surge as it holds firm above strong support. The leading assets within the crypto market demonstrate a recovery as the broader market experiences small improvements. This suggests this momentum could reignite bullish sentiment for Shiba driving its next significant rally. Here are the top 3 reasons Why Shiba could fly soon.

The SHIB price hovered at $0.00001562 after a 2% surge, showing signs of forming a bullish inverse head-and-shoulders pattern. The crypto market is recovering slightly, with top coins seeing a slight surge. BTC is above $98k, and ETH is above $2,700. If the market continues to recover, most of the altcoin will see a rebound.

This pattern, a classic reversal setup, suggests a potential price surge if SHIB breaks above the neckline resistance near $0.0000326.

The chart shows the Shiba Inu price forecast reaching $0.00002743 according to 83% estimates or potentially reaching $0.00006029 for a 267% boost.