🚀 Why might $SHIB rise by 156%?
🔥 Massive burn rate
- 9.6 million SHIB were destroyed in just 24 hours
- The burn rate increased by 3,464%, reducing supply and increasing the value of the remaining coins
🐋 Whale purchases
- 10.4 trillion SHIB (approximately $110 million) was bought at its lows
- Net whale inflows increased by 272% — a sign of strong confidence from major investors
📊 Technical analysis
- A descending wedge pattern was broken, which is a bullish reversal pattern
- The price bounced from the demand zone between 0.00001173 – 0.00001200
- Current resistance at 0.000017, and if broken, we might see targets at:
- 🎯 0.0000239
- 🎯 0.0000250
- 🎯 0.0000320 (final target of +156%)
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⚠️ Important notes:
- Volatility is very high — meme coins like SHIB move quickly in both directions
- Technical analysis supports the rise, but trading volume should be monitored to confirm the breakout
- DAO-managed voting may enhance confidence and increase price stability
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SHIB
0.0000137
+6.28%