Shiba Inu’s breakout may boost its price 81%, with burn rate surging 2227%.
SHIB burn rate soars 2227%, cutting $18.6M in tokens.
Shiba Inu (SHIB), once a meme coin, now ranks high among cryptos. Trading at $0.0000127, above $0.0000125, SHIB eyes an 81% surge despite dips, fueled by whales and burns.
SHIB’s 1-day chart shows a falling wedge, a bullish sign. Since December 2024, it’s traced lower highs and lows.
Testing $0.0000129, a breakout could lift SHIB 81.63% to $0.000023.
CryptoELITES sees a short-term jump and a 17x rally ahead.
SHIB trades between $0.0000125 and $0.00001365, with $0.000014 (236B tokens) as key resistance.
Breaking that, 548T tokens sit between $0.000014 and $0.000019.
Below $0.0000125, it may fall to $0.0000115; $0.000014 has rebuffed bulls.
Whale moves hit 7.49T SHIB, the most in two months.
SHIB’s burn rate spiked 2227% in 24 hours, torching $18.6M, leaving 589T tokens from 410.7T burned, tightening supply.
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