Shiba Inu (SHIB) remains a symbol of interest in the market as consolidation takes over the majority of altcoins in a last-ditch recovery effort. Shiba Inu network numbers are mostly bearish; However, they are at a tipping point where the scales could soon tip in favor of the bulls. At the time of writing, Shiba Inu is down 1.8% at $0.000009706.

This latest bearish figure cut into Shiba Inu's gains from last week, and it is now down to 7.61%. Despite the critical stress test the token has undergone over the past few days, it remains resilient, staying afloat above the psychologically important $0.0000095 level.

The Shiba Inu Network numbers tell a different story, with the burn rate currently remaining stable, sending approximately 5,136,299 SHIB into dead wallets overnight. The number of Shibarium transactions also remains below normal, with a notable recovery observed between January 13 and 14.

During this period, Shibarium transactions increased from a monthly low of 1.16 million to 1.97 million. This Shibarium recovery shows that the market is waking up to increased support from retail investors.

New week, new possibilities.

The slate has notably been wiped clean for Shiba Inu while opportunities for new figures to emerge are already presenting themselves. After a significant downturn, the chances of recovery are high, with growth initiatives on the horizon.

As the euphoria over spot Bitcoin Exchange Traded Fund (ETF) products subsides a little more, the focus of the SHIB faithful could return to the protocol, bringing in new capital across the board.

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