Shiba Inu (SHIB) token experienced a retreat in price over the weekend, potentially due to traders shifting their attention to Official Trump (TRUMP). However, Shiba Inu has several catalysts that may contribute to a price increase, such as the rising price of Bitcoin and the increasing burn rate of SHIB tokens. Shibarium, Shiba Inu's layer-2 network, also achieved a significant milestone in terms of transaction count and address growth. Additionally, on-chain data indicates a growing adoption with a 54% increase in daily active addresses in the past week. The SHIB price has remained above the 200-day moving average and exhibits a break and retest pattern, suggesting a potential rebound. Moving above the key resistance at $0.000025 could lead to further gains for Shiba Inu, potentially reaching its December high of $0.000033. Shiba Inu has evolved from a meme coin into a utility-focused ecosystem, offering various features such as a decentralized exchange, staking options, and the development of a metaverse.



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