Shiba Inu Coin (SHIB) has recently been worth paying attention to. As of January 8, SHIB is quoted at $0.00000895, down about 2.7% over the past 24 hours, but the intraday volatility has been quite significant, reaching a high of $0.00000921 and a low of $0.00000870, with an amplitude of 5.84%. In terms of trading activity, the 24-hour trading volume is $1.4 billion, with a turnover rate of 2.69%, and a circulating market cap of approximately $5.217 billion. Currently, it ranks 24th globally. More notably, SHIB has gained over 27% in the past 7 days, showing a clear upward trend.

However, a word of caution—although the short-term gains are impressive, the overall sentiment in the crypto market is noticeably cautious. After this round of rebound, the meme coin sector faces non-negligible correction risks. Prices tend to profit-take quickly after rapid rises, so investors need to closely monitor support levels and be alert to short-term technical fluctuations.