Shiba Inu Tokens Soar: SHIB, BONE, LEASH Lead Market Rally

• SHIB rebounds 20.12%, closely tracking BTC's rise, despite a broader descending wedge pattern indicating bearish trends.
• BONE surges 11.71%, surpassing its 50-day EMA, signaling a short-term bullish outlook with sustained buying interest.
• LEASH jumps 19.26%, trading above its 50-day EMA, though RSI nearing overbought territory suggests a potential pullback

Shiba Inu ecosystem tokens SHIB, BONE, and LEASH have seen notable price movements, capturing investor and analyst interest. In a recent X post, Shiba Inu marketer Lucie highlighted that these tokens showed significant gains in the past 24 hours. As per her post, SHIB has led the charge with 15.93% surge, while BONE and LEASH experienced significant hikes of 12.15% and 11.69%, respectively.

Shiba Inu (SHIB) has shown a great come-back from several recent market losses and is ranked among the foremost tokens that benefited from the latest market upturn. SHIB's price directly correlates with its appreciation following the movement of Bitcoin.

As of press time, SHIB is trading at $0.00001362, showing an 11.44% increase in the past day. The analysis shows SHIB trades within a descending wedge pattern, indicating a broader downward trend. However, with the 50-day Exponential Moving Average (EMA) at $0.00000813 and the 200-day EMA at $0.00000967 above the current price, the bearish trend emerges.

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