ملف Awais Kareem الشخصي

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#shiba ⚡ Inu shows resilience with modest gains, but its burn rate has dropped by 90%, affecting supply and long-term price action. Key Shiba Inu Level to Hold In terms of technical indicators, Shiba Inu is showing signs of potential recovery but still faces significant challenges. The current price of SHIB is testing a key support level near $0.00000664 (the lower Bollinger Band), which has been holding up well recently. If $SHIB drops below this level, further downside may be possible. On the upside, the resistance level is at $0.00000859, near the upper Bollinger Band, which could cap any upward momentum. A break above this resistance could see $SHIB {spot}(SHIBUSDT) testing higher levels, potentially aiming toward $0.000009. Further, the MACD (Moving Average Convergence Divergence) indicator is also offering insight into SHIB’s momentum. The histogram has recently shifted from negative to positive territory, suggesting a possible bullish crossover. The MACD line (blue) has also crossed above the signal line (orange), which signals stronger bullish momentum. The fact that the MACD is showing increasing positive momentum, along with SHIB approaching key resistance levels, the meme coin may be gearing up for a move. However, SHIB must maintain support at $0.00000664 to keep any upward momentum intact. SHIB Burn Rate Falls 90% As Shiba Inu continues to surge towards key resistance levels, burn activity keeps on declining. As of the latest data, the burn rate has experienced a notable drop of 90.31% in the last 24 hours, with 1,066,266 SHIB burned during this period. Despite the decreased burn rate, several transactions are actively reducing the supply. For example, in the past 4 hours alone, 125,759 SHIB were burned, and 940,506 SHIB were burned 23 hours ago. Other significant burns occurred two days ago, with 2 million SHIB burned across two transactions. The ongoing burn efforts, albeit slower in recent days, still play a crucial role in reducing the total supply and potentially increasing scarcity. #CryptoNewss

#shiba ⚡ Inu shows resilience with modest gains, but its burn rate has dropped by 90%, affecting supply and long-term price action.
Key Shiba Inu Level to Hold
In terms of technical indicators, Shiba Inu is showing signs of potential recovery but still faces significant challenges. The current price of SHIB is testing a key support level near $0.00000664 (the lower Bollinger Band), which has been holding up well recently. If $SHIB drops below this level, further downside may be possible. On the upside, the resistance level is at $0.00000859, near the upper Bollinger Band, which could cap any upward momentum. A break above this resistance could see $SHIB
testing higher levels, potentially aiming toward $0.000009. Further, the MACD (Moving Average Convergence Divergence) indicator is also offering insight into SHIB’s momentum. The histogram has recently shifted from negative to positive territory, suggesting a possible bullish crossover. The MACD line (blue) has also crossed above the signal line (orange), which signals stronger bullish momentum. The fact that the MACD is showing increasing positive momentum, along with SHIB approaching key resistance levels, the meme coin may be gearing up for a move. However, SHIB must maintain support at $0.00000664 to keep any upward momentum intact. SHIB Burn Rate Falls 90%
As Shiba Inu continues to surge towards key resistance levels, burn activity keeps on declining. As of the latest data, the burn rate has experienced a notable drop of 90.31% in the last 24 hours, with 1,066,266 SHIB burned during this period. Despite the decreased burn rate, several transactions are actively reducing the supply. For example, in the past 4 hours alone, 125,759 SHIB were burned, and 940,506 SHIB were burned 23 hours ago.
Other significant burns occurred two days ago, with 2 million SHIB burned across two transactions. The ongoing burn efforts, albeit slower in recent days, still play a crucial role in reducing the total supply and potentially increasing scarcity.
#CryptoNewss

Awais Kareem

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