While several crypto assets faced bearish closes on Wednesday, Shiba Inu , the second-largest dog-themed meme coin, saw a bullish close with a nearly 3% rise. With SHIB gaining bullish traction once again, several key metrics are beginning to exhibit positive trends, hinting at a potential continuation of the newfound upward strength.

Explosive Growth In Shiba Inu’s Price On The Horizon

Shiba Inu is once again commanding attention across the crypto landscape as the popular meme coin slowly recovers from its downward trend . This is due to fresh on-chain data pointing to a potentially powerful shift in momentum, which could spark an explosive rally for SHIB in the near term.

After examining several key on-chain metrics, Joao Wedson, the founder and Chief Executive Officer (CE

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