Shiba Inu has maintained steady momentum in recent days, trading at approximately $0.00001197 after bouncing from its weekly lows near $0.00001180. Shiba Inu’s recent bounce follows a period of increased activity that saw Bitcoin reach new all-time highs this week.

Although SHIB’s price action is relatively quiet compared to other cryptocurrencies, it is forming a structure on the daily candlestick timeframe chart that could soon lead to an explosive rally. Technical analysis of Shiba Inu on the TradingView platform shows that the meme coin is about to go on an explosive price action.

Testing The Boundaries Of A Long-Term Structure

Technical analysis of Shiba Inu’s recent price movement on the daily candlestick chart reveals that the token is currently retesting a major s

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