Shiba Inu Price Pops 5.5%, But Traders See a Tough Ceiling

Shiba Inu jumped roughly 5% overnight, briefly outperforming a bruised meme-coin complex after a month that’s still deep in the red. The bounce has been enough to get traders watching charts again, but not enough to change the broader shape of the market: Shiba Inu (SHIB) is still coming off a sharp February draw-down of about 21.5%. The token has been trading around the mid-$0.000005 range, with some market participants describing the move as more of a reflex rally than a clean trend reversal. The backdrop remains cautious, with risk appetite still fragile across high-beta corners of crypto. Key

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