Shiba Inu (SHIB) continues its impressive run, climbing over 21% in a week and 73% since November. Currently trading near $0.00003050, SHIB faces a critical resistance level. According to crypto analyst Shib Knight, the price chart is forming a bullish "cup and handle" pattern.

If <a href="https://www.cryptoknowmics.com/news/shiba-inu-rally-analysts-predict-179-price-surge/" target="_blank" rel="noopener">SHIB</a> 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.
<h2>Shiba Inu’s Network Growth Boosts Confidence</h2>
[embed]https://twitter.com/army_shiba/status/1860964471310618948[/embed]

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.
<h2>Whale Activity and Token Burns Add Fuel</h2>
[embed]https://twitter.com/santimentfeed/status/1863661821036527814[/embed]

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.

<em><strong>Disclaimer: </strong></em>The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Shiba Inu Set for Major Rally Amid Strong Bullish Signals

Shiba Inu's price surges 73% since November, with bullish patterns hinting at an 83% rally. Network growth and token burns drive SHIB’s momentum.

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Shiba Inu Set for Major Rally Amid Strong Bullish Signals

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