The post Shiba Inu Consolidates Before A Bullish Surge! Will SHIB Price Meet This Bullish Pattern? appeared first on Coinpedia Fintech News
After rebranding Twitter to “X” and adding the Dogecoin ticker logo to his bio, Elon Musk has now turned his attention to another popular meme coin: Shiba Inu (SHIB). Musk’s latest move – directly mentioning Shiba Inu in a tweet – has been bullish as it resulted in a quick surge of buying pressure for the meme coin, leading to a spike in its price. However, following the initial surge, Shiba Inu’s price has now declined and stabilized into a consolidation phase, bringing a ‘calm before the storm’ moment.
Shiba Inu Shows Notable Actions
Elon Musk, the CEO of Twitter, surprised everyone by mentioning Shiba Inu in a tweet about logos for the X app, the new name for Twitter. He noted that they once temporarily changed the logo to a Shiba Inu dog.
Following this news, Shiba Inu soared from 19th to 17th position in market capitalizati
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