Shiba Inu (SHIB) has broken above its descending trendline for the first time in weeks, indicating a potential shift in momentum. The token surged 4% to $0.00000814 on November 25, coinciding with Bitcoin reaching a new high of $89,000. Analyst TraderSZ highlighted SHIB's breakout, suggesting a possible sustained uptrend.
This development follows a prolonged downtrend for SHIB since October, when it fell below the $0.00001 level. Analysts, including Kledji Cuni and Swallow Academy, have identified potential price targets if the current trend continues, signaling renewed interest in the token.
Shiba Inu Breaks Downtrend as Bitcoin Hits New High
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