The current market observed short-term growth in SHIB (Shiba Inu Coin) and PEPE, and experienced some profit-taking in recent trading days. Both tokens have calmed down and retested support levels, which may indicate the continuation of the upward trend in the future.
For SHIB, the price faced selling pressure and broke below key moving averages, especially the important support area of $0.00002000. Despite this, SHIB's fundamentals remain solid.
As of the latest update, the price of SHIB is $0.00001768, down 3.20% intraday.
As for PEPE, it hit a high of $0.00001718, but was affected by profit-taking and retraced 35% in recent days. Now the price has fallen back to around $0.00001116.
Overall, SHIB and PEPE have experienced some volatility and pullbacks after experiencing recent gains. Technical analysis shows that these tokens may continue to seek opportunities to rise after stabilizing at potential support levels.
