Shiba Inu’s burn rate just exploded by 1,361%, sparking fresh bullish chatter. Despite a 4% price drop to $0.00001309, on-chain signals are flashing engagement — more active wallets, new holders, and rising interest.

▫️ New Addresses: +22.10%

▫️ Active Addresses: +23.07%

▫️ Zero-Balance Wallets: +31.41%

But here’s the catch: No sign of whales or institutional moves yet. If they don’t show up soon, this rally might fizzle out.

Key Resistance: $0.00001411

SHIB’s shaping a bullish cup-and-handle — but without volume, that breakout won’t stick. A clean flip could take us to $0.00001709. Fail to hold $0.00001051? Pattern invalidated.

Market Signals: Mixed AF

▫️ Exchange Reserves: -0.12% (Bullish)

▫️ Netflows: -157.97% (Bearish — possible dump loading)

Longs Overcrowded

$499K in long liquidations in 24h = danger zone if momentum fades.

Bottom Line:

SHIB’s got the spark. But without real muscle behind it, it’s all smoke. Keep an eye on volume, whales, and the $0.00001411 line — that’s where the real game begins.