📉 $SHIB Inu Faces Steep Risks Despite Burn Rate Surge
Price under pressure: SHIB has shed ~24% in the past month and currently trades around $0.0000113, down from recent highs .
Bearish chart signals: A descending triangle pattern is forming—if confirmed, SHIB could crash ~50% to $0.0000054, even with the recent burns .
🔥 Burn Rate Explosion ≠ Price Support
Community burns skyrocketed by 103,222%, removing ~102 million SHIB in a short span .
However, burning hasn’t fueled a rally—this shows burn momentum alone isn’t enough to reverse a downtrend.
🧩 Why This Matters
Factor Implication
Weak price action Sellers remain in control; lack of reaction to burn suggests sentiment is fragile.
Structural risk Technical patterns imply more downside — not a bounce — unless SHIB reverses trend.
Burn ≠ bounce Token burns reduce supply, but without demand, price strength won’t follow automatically.
