Why did SHIB and Mini Shiba Inu spark a trading frenzy? Multiple factors driving the meme coin rebound

robot
Abstract generation in progress

Recently, SHIB’s performance has indeed been worth paying attention to. After several days of oscillation and adjustment, this meme coin suddenly experienced a significant rebound, with trading volume also surging, and market enthusiasm re-concentrating on the meme coin sector.

The underlying driving logic is actually not complicated

On the surface, this wave of market movement came very quickly, but a closer analysis reveals that several forces are acting simultaneously. On one hand, market sentiment is improving, and long-term holders are beginning to gradually enter; on the other hand, new developments within the SHIB ecosystem are also attracting attention, with derivative projects like Mini Shiba Inu gaining some popularity, all contributing to the upward momentum.

At the same time, from a technical perspective, SHIB rebounded from a low point and broke above a key support level, triggering follow-up buying. The accumulated chips during the downturn have been activated, and the phenomenon of large orders sweeping the market has increased, further strengthening the upward momentum.

The cyclical characteristics of meme coins are once again evident

These types of coins often suddenly explode after a period of silence, and small-cap derivatives like Mini Shiba Inu are even more so—once sentiment shifts, they are easily targeted by capital inflows. The rapid increase in trading volume indicates that off-market funds are entering intensively.

Overall, this rebound of SHIB is not without reason; it is the result of multiple resonances among market psychology, technical factors, and ecological enthusiasm. How the subsequent trend develops will depend on whether this buying momentum can be sustained.

SHIB-1.55%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)