input: Shiba Inu jumps 15% in one day, signaling strong bullish momentum in the market.
Shiba Inu (SHIB) is having a moment. Up more than 15% in the last 24 hours, the dog-themed token is making headlines again.
While Bitcoin and other altcoins are also rising, SHIB’s move is part of a 60% price rally.
Shiba Inu Price Surges 15% as Open Interest Jumps 25%
Currently, SHIB is trading around $0.0000152, reflecting a jump of more than 15% in the last 24 hours. Meanwhile, Psydunuemus Crypto, an analyst on X, has spotted a Cup & Handle Pattern forming in the weekly chart.
So far, SHIB has successfully bounced from its key support zone around $0.00001148, which has acted as a strong foundation for this bullish structure. Now, the price is approaching the top of the “cup” near $0.00001500, a key area to watch for a breakout.
According to the analyst’s calculations, SHIB could reach $0.0002215 shortly. If that happens, it would mean a 60% surge from the current price levels.
Furthermore, if the rally manages to pick up speed, it might manage to climb to $0.00002724 within a month. And if the bullish trend continues over time, it could even go as high as $0.
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