Shiba Inu (CRYPTO: SHIB) is up around 4% over the past month, outperforming the majority of altcoins.
| Cryptocurrency | Ticker | Price | Market Cap | 7-Day Trend |
| Shiba Inu | (CRYPTO: SHIB) | $0.057645 | $4.5 billion | -2.4% |
| Dogecoin | (CRYPTO: DOGE) | $0.1225 | $20.7 billion | -2.3% |
| Pepe | (CRYPTO: PEPE) | $0.054965 | $2.05 billion | -2.3% |
Trader Notes: The CryptoBasic, citing TradingView data, noted SHIB is trading in a tight range after a dip-and-bounce.
Technical indicators show the short-term trend remains bearish, with the Supertrend sitting above price near $0.00000887–$0.00000889. A reclaim of this zone is needed to flip bullish.
Key support lies near $0.00000683 (early January base), while resistance remains around $0.00000887.
Despite weakness over the past one to two weeks, SHIB is still positive on a one-month basis. Buyers need a clean breakout above resistance to regain momentum
Statistics: Shibburn data shows 18.8 million SHIB were burned over the past 24 hours via multiple transactions, sending the burn rate up 2,807% and tightening supply.
Community News: Shiba Inu lead Shytoshi Kusama resurfaced on X after nearly a year, hinting at an AI-driven project “beyond crypto.” He clarified he is not building another meme coin or a new network.
Image: Shutterstock
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