$SHIB
🚨 Shiba Inu pushes past year-long downtrend 🚨
Shiba Inu (SHIB) has re-entered investor conversations after surpassing a technical downtrend that lasted nearly 12 months. Currently trading around $0.000013, SHIB has broken its descending trendline and is showing early signs of renewed buying pressure. Analysts have pointed to indicators such as RSI and MACD turning positive, suggesting a potential push toward the $0.00003 mark if momentum continues.
Fueling optimism is a reported 1,500% increase in SHIB’s daily burn rate, which now exceeds 11.8 million tokens. While not an immediate price catalyst, the sustained burn effort is gradually reducing circulating supply, aligning with SHIB’s long-term goal of scarcity-driven valuation.
Despite being labeled as a meme token, SHIB’s community remains active, and technical breakouts like this one often precede temporary rallies. That said, without sustained volume and broader market tailwinds, the next leg up remains dependent on investor follow-through. For now, the breakout marks a technical win but not a guaranteed trend reversal.