$SHIB
🚨 Shiba Inu Price Targets $0.0001 as Bullish Pattern Emerges 🚨
Shiba Inu price is on the verge of massive gains as the technical outlook leans towards a bullish trajectory due to the appearance of a double-bottom pattern. This formation has appeared on the monthly chart as SHIB battles to defend support at $0.000010. This support level also doubles as a demand zone where buyers are likely to enter to support an upward trend.
If this altcoin can overcome resistance at the neckline of this double-bottom at $0.000021, it may pave the way for the next bull run and a Shiba Inu price prediction to the target price of $0.000030. Overcoming this resistance will then put the meme coin on the trajectory to reach the prior ATH of $0.000088, after which $0.0001 will be achieved.
Therefore, as speculation grows rife about a potential surge in institutional interest towards SHIB amid an already active derivatives market, CME may launch meme coins futures products. Such a launch may draw institutional demand, and see the Shiba Inu price record notable gains and possibly reach the $0.0001 price target as depicted in the double-bottom formation.