Dogecoin DOGE/USD and Shiba Inu SHIB/USD have dropped on Monday, but traders remain optimistic about DOGE’s recovery, while Shiba Inu’s ecosystem fundamentals indicate resilience.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Dogecoin DOGE/USD | $0.2037 | $30.2 billion | -11% | -9.4% |
| Shiba Inu SHIB/USD | $0.00001318 | $7.8 billion | -11.7% | -7.7% |
| Pepe PEPE/USD | $0.057511 | $3.2 billion | -15.3% | -12.4% |
Trader Notes: Crypto trader Tardigrade noted that Dogecoin has broken out of an inverse head & shoulders pattern and is now in a possible retest zone, ranging from the Fibonacci 0.618 level to a key support zone.
Meanwhile, chart analyst Ali Martinez highlighted that Dogecoin could be primed for a rebound, as the TD Sequential indicator has flashed a buy signal on its hourly chart.
Statistics: Shibburn data shows Shiba Inu’s burn rate has surged 164.4% in the past 24 hours, with 13.5 million SHIB removed from circulation.
IntoTheBlock data shows large transaction volume dropped 29%, while daily active addresses increased 12.9%.
Transactions greater than $100,000 spiked from 41 to 73 in a single day, but only 18% of SHIB holders are making profit at current levels marking a significant fall from 40% earlier.
Community News: In an X post on Feb. 27, Shiba Inu’s marketing lead, Lucie, announced a new game in Shiba Eternity that will reward players while contributing to SHIB’s burn initiative.
She said that approximately 10,000 SHIB will be burned per match.
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