ShibaDoge USD Price & Performance (SHIBDOGEUSD)

Shiba Inu (SHIB) is gaining attention as analysts suggest a potential 17x price surge to $0.00023. The cryptocurrency has been trading in a symmetrical triangle pattern, which could lead to a breakout. If SHIB surpasses this formation, it may achieve a new all-time high, but market conditions remain critical.12

Shiba Inu's burn rate surged by 107%, with over 125 million tokens burned in a week. Whale transactions also increased, suggesting heightened market activity. However, SHIB's price remains volatile, hovering near critical support levels. Analysts warn of an 11% drop if support fails, but a 20% rebound is possible.23

Shiba Inu's Shibarium network is approaching significant milestones, including one billion transactions and 200 million wallet connections. Despite these achievements, daily transaction counts have dropped sharply from 2.38 million to 326,530. This decline raises questions about sustained network activity moving forward.4