💥$SHIB Takes Off: Burn Rate Soars and 200-Day EMA in Sight

#Shibalnu (SHIB) is generating a lot of buzz in the community. Its burn rate has skyrocketed an impressive 1,581% in 24 hours, eliminating over 100 million tokens and drastically reducing the circulating supply.

Historically, these spikes in burning have preceded significant price surges.

Additionally, SHIB is nearing its 200-day EMA (exponential moving average), a key technical indicator that, in the past, has marked the beginning of significant rallies, with price increases between 100% and 400%. With a 4% increase in the last 24 hours and resistance levels in sight, analysts are on the lookout for a potential bullish breakout driven by scarcity and technical momentum.