$SHIB Inu Burn Frenzy ā 535M SHIB Gone! Will This Ignite a 22% Surge?
SHIBās Explosive Burn Rate ā Is a Major Rally Incoming?
š„ The Shiba Inu community has burned 535.85 million SHIB tokens in just one week, marking a staggering 415% surge in burn rate! This aggressive supply reduction has fueled speculation about a massive price breakout.
š With over 410 trillion SHIB tokens permanently destroyed, investors are eyeing the next big move as demand builds up.
How Does This Impact SHIBās Price?
š Key Resistance & Support Levels
šŗ Resistance: If SHIB breaks above $0.00001337, it could skyrocket 22% toward higher targets.
š» Support: Holding above $0.00001244 is critical to maintaining bullish momentum.
š Bullish Outlook ā Where Is SHIB Headed Next?
SHIBās price jumped 5.29% following the burn event, signaling renewed investor confidence.
Analysts highlight a falling wedge breakout, which could propel SHIB to $0.00001375, $0.00001485, and $0.00001565.
A break above the 50-day moving average could confirm the start of an explosive rally.
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