   
Shiba Inu (SHIB) could prepare for the psychological threshold of $0.0001 if the meme coin follows a historical trajectory.
Having already experienced the first rally and a cooldown, Shiba Inu is poised for a parabolic phase that will see the eleventh largest cryptocurrency overstocked, according to Solberg data.
SHIB has seen a parabolic phase in 2022, and if history is to repeat itself, this bullish trend has started to take off since the same coin has already increased by 38.3% in the last two weeks, thanks to the bullish rally of the the entire crypto market.
According to CoinGecko data, Shiba Inu was hovering around $0.000025 and a golden cross was already in place.
Even though SHIB is seeing a pullback from the $0.00003 zone despite the golden cross, a bullish picture continues to emerge in the Shiba Inu ecosystem.
& nbspThe golden cross is a bullish pattern because it shows a change in direction from a downtrend to an uptrend. A short-term moving average (MA), such as the 50-day MA, exceeds a long-term one, such as the 200-day MA.
The observed retracement could challenge the golden cross based on the heavy speculation engulfing the SHIB market.
Nonetheless, whales are going on a buying spree after a new SHIB whale recently amassed 4 trillion Shiba Inu, which is optimistic as it reduces selling pressure.
In addition, whales are the origin of SHIB burn rate to pass through the roof after recently reaching 1,837%. With the Shiba Inu’s scarcity skyrocketing, time will tell if the meme coin is on its way to the highly anticipated price of $0.0001.