News: Community burning money + Musk's endorsement, SHIB becomes the 'new king of meme coins'
SHIB team burned 10 billion coins
: Directly reduces supply, deflationary model triggers speculation expectations, similar to the 'halving market' of Dogecoin in 2021.
Musk hints on Twitter
: A photo of a Shiba Inu with the caption 'Who is buying SHIB?', directly ignites market sentiment, search volume surges 200% within 24 hours.
Binance launches SHIB perpetual contracts
: Leverage funds enter the market, long-to-short ratio soars from 1.5 to 3.8, shorts face 'forced liquidation' risk.
Technical analysis: $0.00002 is the lifeline for bulls and bears
SHIB surged 50% today, price stuck at $0.000021, 4-hour candlestick shows:
Support at $0.000018 is the retail investor's cost concentration area, resistance at $0.000025 is the last line of defense for shorts
Trading volume surged 300%, indicating funds are pouring in crazily, but on-chain data shows
Whale addresses increased holdings by 100 billion SHIB in the past 24 hours, retail investors' following accounts for over 70%
Personal opinion: SHIB = Dogecoin 2.0 in 2021
History is repeating itself: Dogecoin surged 100 times due to Musk's endorsement in 2021, and then SHIB followed with a 1000 times surge. Now SHIB's script is even crazier
Community actively burning money + exchanges fanning the flames + big players endorsing, with triple benefits, $0.000025 is just the starting point!
Case comparison
Dogecoin in 2021: After Musk's endorsement, it rose 10 times in one month, but then retraced 50%.
SHIB now: 50% rise in 24 hours, but on-chain data shows,
The top 10 addresses' holdings ratio decreased from 45% to 30%, indicating that chips are being dispersed, retail investors may welcome the main upward trend after taking over.
Operational advice: Buy low + breakthrough dual strategy
Bullish faction:
Light position entry at $0.000018-$0.000019, stop loss at $0.000017, target $0.000025-$0.00003
Breakthrough faction:
Wait for confirmation around $0.000025, if it stabilizes, then chase, stop loss at $0.000023, target $0.000035.
End
SHIB is currently stuck at $0.000021, is it a 'prelude to the altcoin season' or just a 'flash in the pan'?
Bullish: Community burning money + Musk's support, $0.00004 is just the starting point!
Bearish: Purely relying on emotional speculation, better to go for PEPE for short-term gains!
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