Shiba Inu (SHIB) has broken key resistance levels, driven by bullish technical signals on the daily chart. Analysts are optimistic about further upside potential following a descending wedge breakout and bullish divergence confirmation. The meme coin has gained nearly 50% from its yearly lows, with analysts targeting a potential 246% rally towards the $0.00003 level. The recent price action has been supported by broader market strength, including Bitcoin's rise and seasonal buying patterns. Shiba Inu's open interest has surged to $145 million, indicating strong trader conviction. The Crypto Fear and Greed Index has also improved, reflecting increased market optimism. As meme coins like Pepe and Bonk gain traction, Shiba Inu benefits from the broader meme coin resurgence, with the combined market cap of these assets now exceeding $52 billion.