Shiba Inu’s Community Remains ‘Stronger Than Ever’ Even after $SHIB Price Dropped Over 20% in a Month

Shiba Inu’s community remains resilient despite a significant drop in the price of the $SHIB cryptocurrency. Over the past month, $SHIB has seen a decline of approximately 23%, but the community’s support has helped it maintain strong social activity. According to social intelligence firm Lunar Crush, SHIB is still signaling bullish due to increasing social activity, rising price action, and accelerating market volume. The meme-inspired cryptocurrency has gained over 270% in the past 6 months, even with the recent dip. Technical analysis suggests that $SHIB could experience a surge in the near future, as its chart shows a symmetrical triangle pattern, typically interpreted as a bullish signal. The growing adoption of Shiba Inu’s layer-2 scaling solution, Shibarium, is another positive sign for the ecosystem. With the network surpassing 400 million transactions and daily active addresses skyrocketing, the community’s enthusiasm remains evident. Despite the recent price drop, the Shiba Inu community remains stronger than ever.