The memecoin market gained 5% over the past week, outperforming Bitcoin (+1.40%) and Ethereum (+2.04%). Shiba Inu surged 5.78% in 24 hours and 6.37% over seven days, outpacing Dogecoin (+4.50%). However, the token struggles to break the key short-term resistance zone at $0.0000055 and has failed to overcome the 78.6% Fibonacci retracement level at $0.00000613. Technical indicators suggest weak bullish momentum, with traders advised to wait for a confirmed trend shift before taking action.
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