【Super Surge! Shiba Inu Price Can Hit $0.0002, A Big Secret Behind the Surge in Burn Volume】

Shiba Inu (SHIB) price has recently seen a strong rebound, breaking through key technical points, and the market is closely watching whether it can reach the significant threshold of $0.0002! With the burn volume rising sharply, a explosive increase may be on the horizon.

Surge in Burn Volume, Significant Supply Reduction

The burn activities of Shiba Inu have become the focus, with the burn volume surging 3000% in the past 24 hours, totaling 67 million SHIB burned in a week. If 1 trillion SHIB is burned daily, the supply is expected to decrease by 62% within a year, providing potential for Shiba Inu's price to rise. Analysts predict that under this scenario, SHIB could rise to $0.000037.

Technical Support for Bullish Trend

SHIB has broken through the Fibonacci retracement level of $0.00000420, with targets pointing to $0.00006318 and $0.00009000. The monthly chart shows a potential trend reversal pattern, and the DMI indicator also confirms bullish signals, but analysts caution that the price needs to maintain rising trading volume to break through the key resistance level of $0.00001644.

Strong Market Sentiment, Increasing Bullish Momentum

As SHIB price rises, open interest in futures contracts has surged, significantly increasing market participation. On-chain data shows that trading volume and wallet activity on the Shibarium platform are also growing, further supporting bullish sentiment. If trading volume continues to rise, SHIB may break through $0.000020, pushing toward higher prices.

Future Outlook: Shiba Inu May Experience a Surge

Currently, SHIB price is $0.000014, and continued increases may drive its price up to $0.0001. With the ongoing increase in burn volume and trading volume, SHIB holds great potential, especially against the backdrop of rising interest in Bitcoin and meme coins, making Shiba Inu likely to see a stronger upward trend.