Can Shiba Inu Reach $1 Following DOGE's Surge?

Despite the recent surge in meme coins like Dogecoin, which saw a 208% increase, Shiba Inu (SHIB) is unlikely to reach $1 due to the massive 3,906,150% rally required from its current price. While SHIB may experience a minor correction due to overbought conditions, it could potentially bounce back to $0.0000295 if demand persists. However, a breach of the $0.0000211 support level could trigger a further 25% decline.