‘Dogecoin Killer’ Shiba Inu Surges 5%: What Is Going On?

Shiba Inu (CRYPTO: SHIB) is up 5% on Tuesday, with on-chain activity surging and large transactions hitting new peaks.

Cryptocurrency Price    Market Cap 24-Hour Trend 7-Day Trend
Shiba Inu (CRYPTO: SHIB) $0.00001283 $7.6 billion +5.5% -4.7%
Dogecoin (CRYPTO: DOGE) $0.1711  $25.4 billion +5.1% -8.6%
Pepe (CRYPTO: PEPE) $0.057622 $3.2 billion +8.7% -3.9%

Trader Notes: Crypto trader CW highlighted that SHIB is rebounding from a buy wall zone, forming additional sell walls along the way.

The trader suggests that if these sell walls break, SHIB could enter a true bull market.

Full story available on Benzinga.com

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