Shiba Inu Price Eyes 4x Rally as Shibarium TVL Nears $3M Milestone

Quick Summary:

Shiba Inu (SHIB) price eyes a massive price surge in the near term after a bullish pattern appeared on the higher timeframe chart.

Additionally, despite the sluggish performance, the SHIB network has recorded a notable uptick in activity, suggesting that fundamentals are strong to support an upward recovery for the meme coin.

The potential uptrend is seen with the formation of a double-bottom pattern that often signals that the existing trend is about to shift from a bearish one to a bullish one.

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Article Details

Author / Journalist: muthoni

Category: Crypto

Markets: India

Topics: Price Analysis Shiba inu

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 10:15:15 (6 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 514 words

Reading Time: 3 minutes read

Sentences: 42 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28436190

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 9 hours ago

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