Amid the commotion over surge in meme-coin cryptocurrency liquidity and trading activity,

Over the past eighteen hours, the price of Shiba Inu (SHIB) has risen by 3.3%,
Driven by broad market optimism, technical developments, and SHIB’s capital flows,
As well as increased attention on meme coins and SHIB on social media.
This upswing appears only modestly positive within the overall bullish market,
With no clear major announcement identified as the primary reason.
Key factors include the total cryptocurrency market cap rising by 1.67%, reaching $2.71 trillion,
The altcoin market cap increasing by 1.51%, reaching $1.07 trillion,
And Bitcoin’s dominance staying at around 60.6%.
As for SHIB in particular, there are signs that it is transitioning from a long-term downtrend to a more compact structure,
Possibly preparing for a breakout,
Thanks to changes in blockchain data flows and activity on trading platforms.
Detailed analysis shows that over the past few months, approximately 552 billion SHIB have left exchanges,
And several tens of billions in funds have been withdrawn,
Trading inflows have fallen significantly, indicating that fewer coins are being sent to sell on these platforms.
The same analysis also notes that SHIB’s price has formed higher lows,
And is contracting below the 100-day exponential moving average (EMA),
With the 100-day EMA resistance level losing its importance due to repeated testing,
Which usually signals a price breakout,
Along with trapped sellers absorbing and supply decreasing.
Overnight market follow-up reports describe SHIB as beginning to recover,
Once again mentioning the triangle pattern. Worth investing.