   
Shiba Inu (SHIB) could be gearing up for a notable advance with the formation of a bullish consolidation pennant.
Renowned market analyst under the pseudonym World of Charts disclosed this development and declared, “SHIB bullish pennant consolidated below the crucial trendline of the descending widening wedge. SHIB on the verge of a massive breakout after a successful breakout can easily give a 150-200% bullish wave.
If this analysis sees the light of day, the Shiba Inu will be on its way to the psychological price of $0.00003.
A bullish pennant consolidation usually materializes when a break is observed in a strong uptrend. Therefore, it acts as the calm before the storm of the next upward swing.
Meanwhile, Shytoshi Kusama, lead developer of Shiba Inu, recently revealed an ambitious plan to deploy a Strategic Center for Innovation and Blockchain (SHIB) in the United States, offering a paradigm shift across different industries.
& nbspBitcoin millionaires laugh all the way to the bank
While the US presidential elections were eagerly awaited, Donald Trump emerged victorious, leading Bitcoin Hits New All-Time High (ATH) of $75,410.
This notable move sparked a surge in the number of addresses with BTC worth at least $1 million, from 121,061 to 132,842. In the process, 11,487 new Bitcoin millionaires emerged, according to BitInfoCharts data.
Trump’s triumph is hailed with both hands in the crypto community, because its regulatory policies in the industry should be more favorable than those of the previous administration.