‘Dogecoin Killer’ Shiba Inu Jumps 6%: What Is Going On?

Shiba Inu’s (CRYPTO: SHIB) significant rally over the past seven days and a new Shibarium DappStore launch could lead to a bullish run for the meme coin, traders are speculating.

Cryptocurrency Price    Market Cap 24-Hour Trend 7-Day Trend
Shiba Inu (CRYPTO: SHIB)  $0.00001399 $8.2 billion +6.1% +16% 
Dogecoin (CRYPTO: DOGE)  $0.1812 $27 billion +4%  +16.2% 
Pepe (CRYPTO: PEPE)  $0.058775 $3.7 billion +2.2% +22.6% 

Trader Notes: Crypto trader InvestingHaven points to a W-pattern forming on SHIB’s chart, a classic bullish reversal signal.

With strong support at $0.000012345 holding firm, the long-term setup is looking increasingly favorable. If the pattern confirms, it could unlock a significant breakout.

Full story available on Benzinga.com