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Shiba Inu price poised to jump by 20% as SHIB on-chain metrics turn bullish

  • Shiba Inu price is holding above crucial support.
  • In the meantime, on-chain metrics suggest that SHIB could be bound for a bullish impulse.
  • If buy orders pile up, the meme-coin might rise by more than 20%.
Shiba Inu price poised to jump by 20% as SHIB on-chain metrics turn bullish
FXStreet TeamFXStreet TeamFXStreet

Shiba Inu price seems to be trading above a critical demand barrier that may have the strength to see it rebound. 

Shiba Inu price looks poised to rebound 

In the following video, FXStreet's analysts evaluate where Shiba Inu price could be heading next as a few on-chain metrics turn bullish.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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