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Market favors SHIB breakout As previously reported by CryptoQuant, market flows have already begun shifting into meme coins from other segments, providing this particular asset class with an unusual advantage in January. What makes this move stand out is the accomplishment of Shiba Inu’s price structure with moving averages. SHIB has reclaimed its 50-day price curve for the first time since late November, and this recovery is unfolding just below a long-term resistance. The target? This one aligns with the 200-day moving average of $0.00001046, representing a 22% increase from current levels. However, this chart pattern could have an even greater impact besides an upside unlock. It could also propel SHIB up the market cap rankings.

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