Shiba Inu (CRYPTO: SHIB) is up around 4% over the past month, outperforming the majority of altcoins.

Trader Notes: The CryptoBasic, citing TradingView data, noted SHIB is trading in a tight range after a dip-and-bounce.

Technical indicators show the short-term trend remains bearish, with the Supertrend sitting above price near $0.00000887–$0.00000889. A reclaim of this zone is needed to flip bullish.

Key support lies near $0.00000683 (early January base), while resistance remains around $0.00000887.

Despite weakness over the past one to two weeks, SHIB is still positive on a one-month basis. Buyers need a clean breakout above resistance to regain momentum

Statistics: Shibburn data shows 18.8 million SHIB were burned over the past 24 hours via multiple transactions, sending the burn rate up 2,807% and tightening supply.

Community News: Shiba Inu lead Shytoshi Kusama resurfaced on X after nearly a year, hinting at an AI-driven project "beyond crypto." He clarified he is not building another meme coin or a new network.

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