Crypto
$SHIB Bulls Eye a 50% Surge Today Amid Memecoin Revival
Shiba Inu's price has surged over the past day, up 5.1% from $0.00000498 to its current value.
The surge comes as part of a broader memecoin revival, with Dogecoin and Pepe also seeing increased buying interest.
A Wolfe Wave structure on the daily timeframe is pointing toward $0.00000600 as the next big level for Shiba Inu's price.
In the past 24 hours, nearly 4.7 million SHIB got burned, a sign of deflation in the token's circulation supply.