If SHIB breaks above this resistance, it could surge to $0.000045, marking an 83% rally. Additionally, the presence of a Golden Cross, combined with bullish signals from the 50-day and 200-day exponential moving averages (EMAs), reinforces expectations for a double-digit price gain.
SHIB's growth isn’t just about technical indicators—it’s backed by increasing network activity. Over 7,548 new wallets were created in the past week, with new addresses up 62.54% and active addresses rising 57.88%, according to Santiment data. This growing interest in SHIB suggests sustained long-term popularity.
An anonymous whale recently burned 2.022 billion SHIB tokens, spiking the burn rate by over 3,160%. This significant supply reduction strengthens the potential for a price rally. Currently, SHIB is working to break back above $0.00003 after briefly touching $0.00003316 on December 2.
With robust network growth, reduced supply, and bullish chart patterns, Shiba Inu appears poised to potentially double its price in the coming days, provided it clears key resistance levels.