Shiba Inu (CRYPTO: SHIB) is seeing significant community developments and rising burn rates, supporting the optimistic long-term outlook for the meme coin.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Shiba Inu (CRYPTO: SHIB) | $0.00001872 | $11.03 billion | +3.7% | -5.7% |
| Dogecoin (CRYPTO: DOGE) | $0.3329 | $49.2 billion | +2.8% | -4.5% |
| Pepe (CRYPTO: PEPE) | $0.00001303 | $5.5 billion | +6% | -11.6% |
Trader Notes: Crypto trader InvestingHaven noted that SHIB is down less than 20% in January, outperforming many meme coins that have suffered deeper declines.
The trader pointed to a bullish W-reversal pattern, with SHIB currently positioned between key Fibonacci support levels.
The trader believes, “SHIB resilience now means strength when markets turn bullish.”
Full story available on Benzinga.com