Shiba Inu (CRYPTO: SHIB) has endured corrective price action since hitting its yearly peak in March, but an analyst believes the memecoin has the potential for a big upward burst. What Happened: In an X post, widely followed cryptocurrency expert World Of Charts drew attention to SHIB’s descending channel, which has been in place since the coin hit yearly highs in early March. Since then, the meme token has plunged 33%. However, if SHIB managed to break out of the said zone, there was the likelihood of a strong uptrend in the coming days, the analyst forecasted. “Still Consolidating With In De…