In the chaotic theater of cryptocurrency, where fortunes are made and lost faster than a Shiba Inu can wag its tail, the SHIB token has been dancing on the edge of a knife. Over the past week, it has clung to the $0.0000125 support level like a desperate man clutching his last ruble. Yet, amidst the volatility, whispers of hope emerge. Large transactions and a rising burn rate—those harbingers of speculative frenzy—could propel this meme coin to dizzying heights. Technical indicators, those soothsayers of the digital age, suggest an 81% upside. Ah, the sweet allure of the breakout! 
Behold, the Shiba Inu price, that whimsical creature of the crypto zoo, is flirting with a bullish reversal. It has broken free from a falling wedge pattern, a technical formation as convoluted as the Soviet bureaucracy. The daily chart reveals a descending channel, a prison of sorts, in place since December 2024. Recently, SHIB tested the upper boundary of this channel, reaching a high of $0.00001303 and a low of $0.00001293. The image below captures this moment of defiance.
As the image suggests, a breakout from this descending channel could unleash the next SHIB bull rally, with a target of 81% on the upside. Imagine that—a meme coin, born of internet jest, galloping toward financial respectability. The absurdity is almost poetic. 
Meanwhile, the Shiba Inu network is buzzing with activity. Yesterday, as the price rebounded to $0.00001367, large transaction volumes surged like vodka sales on a Siberian winter night. On-chain data from IntoTheBlock revealed a spike in transactions valued at $100,000 or more on March 20. The total volume of these transactions reached 7.49 trillion SHIB, worth over $97 million at the $0.000013 price point. This represents a staggering 197% increase from the 2.52 trillion SHIB traded the previous day. The image below illustrates this frenzy.
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2025-03-22 09:30