Shiba Inu's Bullish Turn and BONK's Rise Amid ETF Buzz

Key Highlights

Shiba Inu (SHIB) has exhibited a bullish reversal pattern, gaining 5.2% on notable trading volume.
BONK, a meme coin on Solana, has surged 23% propelled by ETF speculation.
The dual assets have shown patterns suggesting ongoing bullish trends.

Overview

The meme cryptocurrency Shiba Inu (SHIB) has made significant gains recently, increasing from $0.00001136 to $0.00001195 as it completed a bullish reversal pattern. This rise is indicative of robust trading activity and a new support level identified at $0.00001162.

In parallel, BONK attracted attention with its substantial 23% price increase reaching $0.00001665, which is notable as it approaches a milestone of one million holders. The dynamics are linked to growing speculation about an ETF associated with BONK, contributing to its momentum.

Both cryptocurrencies demonstrated inverse head-and-shoulders patterns, a technical analysis signal indicating bullish market conditions, suggesting traders to remain optimistic about their price trajectories.