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🐕 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! 🚀
🔍 What’s 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! 🔥
🌟 Rotation in Meme Coin Mania
While SHIB cools off, investors are exploring opportunities in Pepe (PEPE) and the rising star Cutoshi (CUTO)—two tokens ready to take the spotlight. 🌈
📈 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! 💥
✨ Stay tuned for the next move—this meme coin journey is just heating up! 🐾
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