As of November 25, 2024, the Shiba Inu price is trading at $0.00001626, with a market capitalization of $9,579,097,727. The technical chart on the weekly time frame shows that SHIB price is developing a bullish reversal pattern called bottom rounding.
This chart pattern is commonly interpreted as the low point of a downtrend as investors show renewed buying interest. Under the influence of this pattern, buyers are expected to challenge the all-time high resistance of $0 and give better confirmation of the bull market.