Shiba Inu price pattern points to a 190% surge as burn rate rises 234,584%
Shiba Inu price has formed a highly bullish harmonic pattern, pointing to an eventual 190% surge as the burn rate soars.
Shiba Inu (SHIB) coin rose to $0.000016 on Sunday, its highest level since February this year, and 52% above the lowest level this year.
The token jumped as Ethereum (ETH) hugged the important resistance level at $2,500 for the first time since February. This surge triggered more upside for popular ERC tokens like Pepe (PEPE), AAVE (AAVE), and Uniswap (UNI).
Shiba Inu price also jumped after the burn rate surged by 234,584% on Sunday, with over 19 million tokens being incinerated. One user sent over 17.8 million tokens to a burn address, while another one burned 1 million tokens.