The cryptocurrency market has seen renewed interest lately, with major coins like Bitcoin surging alongside meme coins like Dogecoin.
In this analysis, we’ll look at the latest price movements and developments for three major meme coins: Shiba Inu (SHIB), BonkCoin (BONK), and Dogecoin (DOGE).
Shiba Inu (SHIB)
- SHIB attempted to break out from downtrend but failed again due to Bitcoin correction
- SHIB price dropped 1.08% to $0.00000822
- Possibility of retesting November lows
- Future looks uncertain – rally could be start of bull run or driven by Bitcoin spot hype
Shiba Inu coin attempted yet another breakout this week, riding high on renewed optimism in the crypto sector. However, SHIB once again failed to confirm the breakout as Bitcoin faced rejection above $38,400 and corrected lower. This spooked altcoins, sending the Total3 market cap ex-ETH down 1.43% on the day. As a top memecoin…
