Can Shiba Inu Price Skyrocket 60% As Short-term SHIB Holders Capitulate?

Shiba Inu price, a popular meme-based altcoin, has entered a bearish trend following a broader crypto market correction. After a strong two-month bullish rally, SHIB has faced significant pullbacks as short-term holders begin to capitulate. The crypto market remains bearish, with Bitcoin trading below $95,000. As the year nears its end, investors are speculating whether Shiba Inu can rebound, potentially skyrocketing by 60% in the coming weeks.