Is SHIB, WIF gearing up for a breakout after the market reshuffle?

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Memecoins Shiba Inu [SHIB] and dogwifhat [WIF] are two cryptocurrencies showing signs of heading back to the moon after Bitcoin's [BTC] market

market disruption on the 5th of March. Before BTC hit $69,000, both SHIB and WIF were having a good time.

However, the volatility caused by Bitcoin’s all-time high pressed a reset button, and prices plunged with both memecoins affected.Fast forward to the 7th of March, AMBCrypto observed that things might return in favor of WIF and SHIB. According to Santiment’s trending data, many traders have these cryptocurrencies on their radar.However, on-chain data showed that most conversations about the tokens were bearish.

 

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