SHIBA is meme coin and is therefore a novelty. It has no real substance but that could be said of cryptocurrency in general.
SHIBA in 2021 was by far the stand out performer of digital assets appreciating 44,600,000% over just a few months.
From a technical viewpoint this asset looks interesting and if this was a currency or stocks or commodities chart then you’d be a lot safer looking for a trading opportunity but this is cryptocurrency investing at its riskiest.
SHIBA is carving out a pennant or flag formation and flags generally break higher than they do lower as price consolidates.
I’ve bought a SHIBA buts its very speculative.
If you like a gamble (as I do) then this is an asset that could be worth buying a few dollars of in the anticiaption of quick gain.