Shiba Inu (CRYPTO: SHIB) has seen a surge in activity, driven by rising whale transactions, increasing daily users and growing optimism from traders.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Shiba Inu (CRYPTO: SHIB) | $0.00001482 | $9.12 billion | +9.8% | +20.9% |
| Dogecoin (CRYPTO: DOGE) | $0.2049 | $30.5 billion | +10% | +20.4% |
| Pepe (CRYPTO: PEPE) | $0.059115 | $3.8 billion | +14.8% | +22.1% |
Trader Notes: In an X post on Tuesday, crypto trader Satori predicted a minimum 20% gain if SHIB breaks resistance, confirming a bottoming pattern.
Crypto trader Clifton Fx observed a falling wedge breakout, suggesting an ongoing retest on the daily chart.
World Of Charts highlighted SHIB breaking out of a descending channel, potentially setting up a 2x rally in the coming days.
InvestingHaven noted that Shiba Inu is quietly bullish as the chart continues to show strength, holding both key support levels.
He noted strong support at $0.000012345 and maintaining a 2025 target of $0.0000741.
Statistics: Shibariumscan data shows daily transactions moving higher from 3.7 million on Monday to 3.83 million on Tuesday.
IntoTheBlock data shows Shiba Inu large transaction volume spiked 72.8% in a single day, while transactions greater than $100,000 jumped from 50 to 65.
43% of traders are in profit, 47% underwater, 10% at breakeven.
Community News: Cryptocurrency exchange BingX announced the listing of SHIB on BingX Futures.
Shibarium Updates teased a major DeFi upgrade in Shib Finance, aiming to revolutionize DeFi with reputation-based lending and undercollateralized borrowing.
Read Next:
Image: Shutterstock