#BTCWhaleMovement Shiba Inu (SHIB), one of the most popular assets in the crypto universe, showed renewed strength by registering a daily increase of 5%, supported by favorable technical signals, advances in its ecosystem, and a more optimistic context for the market in general.

According to trader Shib Knight, SHIB managed to break the bearish trend it had been experiencing since May 13, which opens the door to a possible cycle reversal. Meanwhile, Joe Mitoshi, another significant analyst, emphasized that the long-term chart shows a bullish setup, and anticipated that if it surpasses the 1:1 line, the token could initiate a significant rally.