Shiba Inu (CRYPTO: SHIB) is showing renewed strength, rising 5% in a single day amid bullish developments across its ecosystem, consistent token burns, and broader market momentum.
| Cryptocurrency | Ticker | Price | Market Cap | 7-Day Trend |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001182 | $6.96 billion | +4.4% |
| Dogecoin | (CRYPTO: DOGE) | $0.1714 | $25.8 billion | +7% |
| Pepe | (CRYPTO: PEPE) | $0.00001033 | $4.3 billion | +11.5% |
Trader Notes: Crypto trader Shib Knight noted that Shiba Inu has finally broken the downtrend it’s been stuck in since May 13, signaling a potential reversal.
With bullish sentiment returning to crypto markets and on-chain data strengthening the case, SHIB looks ready to run.
Joe Mitoshi, another prominent trader, highlighted that SHIB’s long-term chart is flashing bullish signals.
If it …