Shiba Inu (SHIB), a popular meme coin, recently experienced a significant price increase of 18.62% in the last 24 hours and is currently trading at $0.00002701. Its price had previously declined since March 28; however, the recent surge has led to a possible reversal of the bearish trend. Moreover, Chaikin Money Flow (CMF) is 0.25, indicating strong buying pressure and positive cash flow into the token. Although the RSI is at 72.58, signaling overbought conditions, these factors suggest potential for further gains.

There has been an increase in social sentiment and volume around SHIB recently, indicating an increase in popularity and community activity. Additionally, the burning of SHIB tokens reduced their supply by approximately 49.42%, leading to their scarcity and possibly contributing to future increases in their value. In addition, the development of the second level of Shiba...#BTC #HotTrands #SHIB🔥🔥