SHIB is breaking out; Time to buy Shiba Inu?
After more than a year, the cryptocurrency market appears to have finally shaken off the bearish trends of the “crypto winter.” In the second half of October, multiple cryptos started a decisive rally that has seen many reach heights not seen in a long time. While major players like Bitcoin (BTC), which first rapidly rose above $35,000 and is hovering around $44,000 at the time of publication, or Ethereum (ETH) – itself above $2,200 for the first time since May 2022 – have been at the center of attention, many altcoins and meme coins have also joined the bull run. Dogecoin (DOGE) and Floki Inu (FLOKI) have already entered a breakout, and on December 6, another major “dog coin,” Shiba Inu (SHIB), appears to have joined the surge, according to an X post by market analyst Jake Wujastyk based on analyzing trend lines tracking data dating back to the Terra (LUNA) collapse in May 2022. $SHIB #Shib #Shiba Another coin breaking out. pic.twitter.com/IYwK5vlc0b — Jake Wuj...