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SHIB & DOGE Perk Up As Burn Spike & Chart Patterns Draw Bids

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Shiba Inu jumped after a sharp increase in its token burn rate, adding fuel to a broader crypto bounce that has traders scanning for any sign the market’s risk appetite is returning. The canine token rose about 7% on March 11, hovering near $0.0000058—still close to its year-to-date lows, but no longer sliding in a straight line. At roughly the same time, Dogecoin (DOGE) chart watchers began pointing to potential bullish reversal setups, arguing that DOGE was holding up even as sentiment gauges in parts of the market registered “extreme fear.” This combination has pushed the memecoin complex back


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