SHIBArmy

Shiba Inu (SHIB) is once again drawing investor attention. Although it's currently trading at $0.0000136, growing whale activity, a sharp increase in token burns, and a bullish chart pattern all suggest the price could soon climb toward the $0.000025 mark.

📉 SHIB Price Drops but Charts Signal a Potential Rebound
On July 29, SHIB is trading at $0.0000136, down 3.62% on the day. Still, strong indicators point to a possible recovery—especially as burn rates soar and whales become increasingly active.
As one of the top meme coins, SHIB is notoriously volatile. What’s in the red today could turn into a double-digit gain tomorrow. Right now, analysts are watching a bullish “cup and handle” pattern, often a precursor to a significant price breakout.

☕ Cup-and-Handle Pattern Sets the Stage for a Rally
Since hitting a low of $0.0000104 at the end of June, SHIB climbed to $0.000015 last week, forming the rounded "cup" shape. A descending channel has since formed the “handle” part of the pattern. Despite bearish pressure, support has held—signaling potential strength for a breakout.
Currently, SHIB is attempting to approach resistance. The price has moved above the midline of the channel, and if dip buyers re-enter, the next target could be around $0.000016.
Historically, when a price breaks past previous rejection levels, the chances of a continued rally increase. For SHIB, a breakout above $0.000016 could open the door to a 58% gain, targeting $0.0000253.
However, risks remain. Some technical indicators, such as the Awesome Oscillator (AO), show signals that could mislead investors into thinking it’s too early to enter. A breakdown below support could derail the bullish scenario.

🔥 SHIB Burn Rate Skyrockets
One of the strongest fundamental drivers right now is the incredible surge in SHIB's burn rate. According to Shibburn, it jumped more than 16,700% within 24 hours.
This spike was primarily due to a mysterious wallet that burned 600 million SHIB tokens in a single transaction—taking them out of circulation and introducing deflationary pressure, which is bullish for the price.

🐋 Whale Activity Hits Billions of Tokens
IntoTheBlock data shows a dramatic increase in large-scale transactions. Whale activity jumped from 342 billion to a staggering 2.2 trillion SHIB in just one day.
Whales accumulating tokens is typically a bullish signal. It means large holders are pulling coins off the market, creating scarcity and boosting demand.

🔗 Could Shibarium Fuel the Next Rally?
Another potential catalyst is the Shibarium network. Its current TVL (Total Value Locked) sits at $1.73 million—down from its May peak of $3.14 million. Still, Shibarium remains a core part of the SHIB ecosystem.
If interest in staking, DEXs, and DeFi services within the Shibarium network returns, it could bring new capital and users, giving SHIB’s price another reason to rise.

📌 Summary
Shiba Inu is facing near-term resistance, but underlying fundamentals point to a bullish shift:
🔹 Burn rate surged 16,700% in 24 hours

🔹 Whale transactions soared to 2.2 trillion SHIB

🔹 Cup-and-handle pattern signals breakout potential

🔹 Shibarium network still holds growth promise
If SHIB breaks above the key $0.000016 level, reaching $0.0000253 could become a realistic near-term goal.

#SHIB , #Shibarium , #shibburn , #SHIBARMY , #CryptoWhales

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