SHIBA- The New DOG on the Blockchain

SHIB seems to be following the Wykoff schematic as laid out. I believe we are experiencing a SOS or sign of strength. This is not financial advice.

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SOS—sign of strength, a price advance on increasing spread and relatively higher volume. Often a SOS takes place after a spring, validating the analyst's interpretation of that prior action. LPS—last point of support, the low point of a reaction or pullback after a SOS.
Reference:

school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method