Shiba Inu (SHIB), a leading memecoin, has shown significant activity in recent days. The dog-themed cryptocurrency, known for its speculative nature, surged above a key resistance level after several weeks of stagnation in a narrow trading range. Volatility has fueled speculation among investors looking to understand the drivers behind price movements.

SHIB rallied an impressive 21.47% over the past three days, closing each day in positive territory. The recent gains mark the second time in May that memecoin has achieved three consecutive days of gains, following developments specific to the SHIB ecosystem.#shib