Shiba Inu (SHIB) is once again grabbing attention in the crypto world, with experts predicting a potential 400% price jump due to several factors.

Flag Pattern Breakthrough

One key reason for the excitement around SHIB is its recent technical breakout. SHIB has broken through the 'flag pattern,' which often signals a price jump. The current price range for SHIB is between $0.00001676 and $0.00001794. This breakout could lead to a strong upward trend, with its 10-day moving average at $0.00001706 and its 50-day average at $0.00001500 providing a solid base for further growth.

Whale Activity and Burn Rate Increase

Another big reason for SHIB’s positive outlook is the activity of whales or large holders. These players have been buying huge amounts of SHIB coins, signaling confidence in its future. At the same time, the SHIB community has been increasing the burn rate, reducing the number of circulating coins and potentially increasing their value.

Support from Short-Term Holders

It’s not just long-term holders and whales that are helping SHIB. Short-term holders are increasing transaction volumes, which might push SHIB prices even higher. The current support level at $0.00001273 and a potential breakout at $0.00002193 indicate growing interest from all types of holders.

Shiba Inu is showing signs of a major price rally. Experts believe it could see a 400% rise soon. SHIB’s technical breakout, whale activity, and increased burn rate all point to a strong future for the coin.