The meme-inspired cryptocurrency, SHIB, has recently experienced a notable shift in its market trend.

After enduring a prolonged downtrend since December 2023, it has finally shown signs of a strong reversal.

The price movement of SHIB suggests a potential for sustained growth in the upcoming months.

This change in direction comes after a series of lower highs since its peak at $0.00001195 on December 17th, further influenced by a consolidation phase across the crypto market.