Is Shiba Inu (SHIB) Ready for Another Double-Digit Hike?

• SHIB’s price action showed signs of a buy signal that could end up in a rally.
• Although there was strong support at $0.0000073, SHIB could drop to $0.0000065.
• Volatility increased, indicating large price fluctuations for SHIB in the short term.

Unlike, many other cryptocurrencies in the market, Shiba Inu’s (SHIB) performance in the last 30 days, has been underwhelming. Compared to meme coins like Floki (FLOKI) and Dogecoin (DOGE), SHIB has had the most unimpressive show.

At the time of writing, SHIB’s value was $0.0000073— a similar value it was 30 days back. However, according to analyst Ali Martinez, SHIB’s price action may be ready to change for the better.

Martinez, in his post on X (formerly Twitter), noted that SHIB flashed buy signals that were similar to the periods the cryptocurrency’s value increased by 118% and 71% respectively.

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