Shiba Inu Price Surges 36%, But Can It Maintain Momentum?

Shiba Inu (SHIB) has been making waves in the crypto market after its price surged by around 36% before settling near $0.0000050, $0.0000052.

The rally was fueled by strong buying from South Korean exchanges and a short squeeze, which added to the memecoin's momentum.

Even though the price has pulled back slightly, SHIB still trades at higher levels than before the latest move, with weekly gains ranging from 8% to 22%

The recent rally marks a significant turn of events for SHIB, which had been under pressure for nearly two years before this surge.