Shiba Inu (SHIB) is experiencing a surge in price, rising 1.78% to reach $0.00001088 after a significant increase of 17% in trading volume. This rally has positioned SHIB as a potential leader in the crypto market’s recovery. Shiba Inu’s bullish momentum is driven by both its growing DeFi applications and increasing institutional investment, according to analysts. The next target for SHIB could be $0.00001209, representing a former accumulation zone where investors may have accumulated. Analysts note the strong influence of the Shiba Inu community, known as the ShibArmy, which has consistently driven price movements for this token. The rally appears to signal a larger trend that could propel SHIB towards its next target. Market analysts are closely monitoring this movement. 1209 is the first target with former accumulation zone, and SHIB often recovers faster when market turns positive due to its strength from the ShibArmy. $SHIB’s chart shows a descending triangle pattern, which typically indicates a breakout potential as it nears the apex. If sustained, this could lead to a significant price surge, potentially challenging previous highs near $0.00010000. 24-hour trading volume has skyrocketed by over 17% to reach $383.8 million. The key support level for SHIB is at $0.00001020, while resistance sits around $0.00001110, according to analysts. With this price increase, SHIB is showing early signs of recovery and gaining traction in the market.