Shiba Inu price analysis has confirmed that the meme coin has turned bullish following a huge surge in buying volume. According to CoinMarketCap, the trading volume for SHIB has surged 125.59% in the last 24 hours, while the market cap of the token has surged by 7.40%. In addition, the Volume / Market Cap Ratio stands at a value of 0.08039, while the Market Dominance has reached 0.69%.