Following Donald Trump’s recent election victory, the meme coin sector has exploded. Dogecoin reached $0.281 and recorded a trading volume surge of 223% in just a day to hit $18.6 billion. Shiba Inu also joined this trend and reached $0.00003, a significant trading volume rise of 249%.
Shiba Inu ($SHIB
) has moved to $0.00003 from $0.00001685, a recovery in the past week. Diving down to the daily timeframe reveals that the recovery helped develop a reversal pattern, namely, the inverted head and shoulder.
Similarly, the second half of November is a correction phase for the crypto market. if the broader market stays resilient, SHIB’s price could break past the $0.00003 resistance and rally toward $0.000035 with an extended push to $0.000038 at the end of the month. Moreover, if SHIB maintains bullish momentum, analysts predict it could outperform Dogecoin by 2025.
