$SHIB 🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍🐍 Amid the buzz surrounding the surge in meme coin cryptocurrency liquidity and trading activity

Over the past eighteen hours, the price of Shiba Inu (SHIB) has increased by 3.3%,
Driven by overall market optimism, technical dynamics, and SHIB's capital flows,
As well as increased attention on meme coins and SHIB on social media.
This rally appears somewhat positive within the generally bullish market,
Without any clear major announcement as the primary catalyst.
Key factors include the total cryptocurrency market capitalization rising by 1.67%, reaching $2.71 trillion,
The market cap of alternative tokens increasing by 1.51%, reaching $1.07 trillion,
Bitcoin’s dominance remaining around 60.6%.
As for SHIB, specifically, there are signs that it is transitioning from a long-term downtrend to a more compact structure,
Potentially preparing for a breakout,
Thanks to changes in blockchain data flows and activity on trading platforms.
Detailed analysis shows that approximately 552 billion SHIB have left exchanges in recent months,
And hundreds of billions of dollars have been withdrawn,
Trading inflows have significantly decreased, indicating fewer coins being sent to sell on these platforms.
The same analysis also indicates that SHIB’s price has formed higher lows,
And is contracting below the 100-day exponential moving average (EMA),
The resistance level of the 100-day EMA has lost significance due to repeated testing,
Typically signaling a breakout,
Accompanied by trapped sellers being absorbed and supply decreasing.
Post-market reports released overnight describe SHIB as beginning to recover,
Again mentioning the triangle pattern.