The Shiba Inu (SHIB) meme coin was one of the few coins in this category that had a positive performance last week, delivering gains of 3.5% to investors during this period despite the ongoing market correction.
SHIB is also the second-best performing of its category, although its performance for the year – as most meme coins – has been negative.
In the past 30 days, the token has lost 27.2% of its value compared to the 46.6% and 37% that Pepe (PEPE) and Bonk (BONK) lost during this same period.
Meanwhile, it has performed similarly to Dogecoin (DOGE), whose losses in the past month have also been contained to just a quarter of the token’s market value.
Shiba Inu’s large market cap of $9.32 billion, which more than doubles the market value of Pepe (PEPE) and triples that of Official Trump ($TRUMP), could be one of the reasons why the token has been so resilient during this latest market pullback.
In addition, the community of Shiba Inu (SHIB) holders is quite robust. Its social media accounts boast millions of followers, many of which actively invest in the token and help expand its ecosystem.
This One Signal Shows that Shiba Inu Could Soon Experience a Trend Reversal
The Shiba Inu daily chart on Coinbase shows that the token’s dramatic downtrend has finally found what could be a short-term floor at the $0.00001560 level. Although the price briefly moved below this mark, it rapidly recovered and could bounce off this platform in the next few days.
Momentum indicators have also been sending supportive signals as the MACD’s histogram shows declining negative momentum heading into the first half of the month.
Meanwhile, the Relative Strength Index (RSI) has crossed above the signal line – an indication of an ongoing trend reversal that could result in a recovery for SHIB.
The dominant pattern for this token at the moment is a falling wedge formation. This is a bullish setup that could result in significant gains if it resolves to the upside.
The combination of a bounce above a key line of support, a buy signal in the RSI, and this bullish pattern is evidence that SHIB is poised to a recovery if everything goes as expected.
Despite the overall weakness that meme coins have experienced lately, the best upcoming crypto presales of 2025 like BTC Bull Token ($BTCBULL) are still drawing significant interest to investors.
BTC Bull Token ($BTCBULL) Compensates Holders with BTC Airdrops and Token Burns
BTC Bull Token ($BTCBULL) is a new meme coin that introduces a reward mechanism for investors consisting of Bitcoin (BTC) airdrops and token burns that align with BTC’s upcoming rise to $250,000 and beyond.
The project’s roadmap is quite appealing. First, the token was created once BTC reached $100,000. The next move is a scheduled burn that will occur once the digital asset sees its price increase to $125,000.
Token burns benefit early $BTCBULL holders as they foster scarcity. Then, an airdrop of Bitcoin (BTC) will take place once the latter reaches $150,000.
$BTCBULL is an ERC-20 token with a maximum supply of 21 billion. Investors’ interest in the project is evident as the meme coin has raised $272,000 shortly after its presale event kicked off.
Up to 15% of the token’s presale funds will be burned based on various Bitcoin price milestones ,while 10% will be set apart to buy BTC and distribute to $BTCBULL holders following a similar milestone-base schedule.
At its discounted price of $0.00235, $BTCBULL stands to deliver significant gains to early buyers – most of which are Bitcoin maximalists who would love to get additional BTC in any way possible.
To buy $BTCBULL, simply head to the Bitcoin Bull Token website and connect your wallet. You can either swap ERC-20 tokens like USDT and ETH or use a bank card to make your investment.
Bitcoin is heading to $125,000 soon. Don’t miss out on the next $BTCBULL rally after its scheduled token burn is carried out.
