Shiba Inu has reached a three-month high at around $0.000005455, marking a 22% increase over the past week with its market capitalization surpassing $3.2 billion. Analyst Crypto Patel forecasts a potential 2,200% rally if the weekly close exceeds $0.000006697, while Crypto With Gopal predicts a rise to $0.00025, representing nearly a 5,000% increase. However, several concerning signals temper this optimism: SHIB’s burn rate has declined by over 91% in the past month and Shibarium activity remains weak with only a few thousand daily transactions on the layer-2 scaling solution.
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