Shiba Inu Price Eyes Bullish Breakout to Remove Zero

Shiba Inu's (SHIB) price has been consolidating after a recent short squeeze that drove prices up. The crypto market is currently in a calm period, but SHIB has still managed to increase by 3.35% in the last 24 hours.

The bull flag pattern on SHIB's chart suggests that the price could continue higher. This pattern forms after a strong upward move followed by a period of consolidation that moves lower.

If the price breaks above the upper boundary of the flag with strong volume, it could be a continuation setup for SHIB.

SHIB is currently at $0.000005162 and has been consolidating around its daily MA 200 barrier at $0.00000537. Breaking above this level could target $0.00001017, removing a zero from Shiba Inu's price tag.