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š Shiba Inu (SHIB) is holding strong as the second-largest meme coin in the crypto space, even as it consolidates below key resistance levels. After a stellar 22% weekly gain, SHIB is currently trading at $0.000029, just shy of a major breakout point! š
š Whatās Happening?
SHIB is attempting to break out of a multi-year descending trendline, with analysts predicting a potential surge to an all-time high by early 2025.
Over 2 billion SHIB tokens were burned in just a few hours, accelerating its deflationary momentum. A sustained burn rate could help SHIB achieve escape velocity! š„
š Rotation in Meme Coin Mania
While SHIB cools off, investors are exploring opportunities in Pepe (PEPE) and the rising star Cutoshi (CUTO)ātwo tokens ready to take the spotlight. š
š Will SHIB Break Free?
With a market cap of $17B, SHIB remains a titan. But if it holds the $0.000029 level and confirms the breakout, this could be the beginning of its next leg up! š„
āØ Stay tuned for the next moveāthis meme coin journey is just heating up! š¾
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