Shiba Inu has reached a weekly increase of 12% and is testing the key downtrend resistance level of 0.00001553 USD.
On-chain data shows that the burning rate has skyrocketed by 181%, with increased activity from large holders.
A breakthrough may trigger SHIB tokens to move towards 0.00001945 USD.
Shiba Inu (SHIB) has surged 12% in the past week, climbing to 0.00001374 USD, with a market cap reaching 8 billion USD, and is striving to return to the top 20 cryptocurrencies. The token is currently ranked 22 on CoinMarketCap, poised to surpass mainstream assets like TON and LEO.
SHIB's burning rate has skyrocketed, whales are buying frantically, is there a big drama hidden in the market? 🔥🐋
Recently, Shiba Inu (SHIB) has experienced a significant increase in its burning rate, bringing many bullish signals! According to Shibburn data, the burning rate of SHIB surged by 181.26% in the past 24 hours, directly eliminating over 820,000 tokens from circulation. This large-scale burning helps reduce the supply of tokens in the market, theoretically supporting the price and further igniting market expectations for an upswing. 🔥🔥
Meanwhile, data from IntoTheBlock shows that the actions of whales and large holders are also very active. On August 7, the outflow of SHIB from whales and major exchanges was 183.03 billion tokens, but by August 9, it had surged to 359.6 billion tokens! 🐋 This means a large amount of tokens is being transferred or dispersed, significantly increasing the liquidity in the market, suggesting there may be important arrangements or actions behind the scenes. 💸
However, despite the chart looking very promising, a fierce debate about leadership is brewing within the community. Many SHIB holders have different opinions on the future direction, and the community atmosphere has become quite heated. 🤔 Will this 'infighting' affect SHIB's subsequent trends? We need to keep an eye on it!
In summary, the current surge in SHIB's burning rate and the large-scale purchases by whales are both positive signals, but the community unrest also reminds us to invest cautiously. Next, it might be wise to pay more attention to official updates and market news, manage risks well, and seize opportunities! 😉
SHIB's key test: the 0.00001553 USD level, success or failure lies here! 🐕🔥
Recently, Shiba Inu (SHIB) has been closely watching a very important price point—0.00001553 USD. This is a key resistance level in the daily downtrend, which has already rejected price breakthroughs three times, making it a 'curse'! ⚡
Famous analyst $SHIB KNIGHT reminds everyone that once SHIB successfully breaks through this area, it is likely to open up new horizons, aiming for higher targets of 0.00003344 USD or even 0.00004551 USD, which is exciting to think about! 🚀
From a technical chart perspective, SHIB is currently in a typical descending triangle pattern, with the price hovering near the breakout point. This pattern often indicates that a significant move is imminent. 📉📈 Additionally, the Bollinger Bands have begun to tighten, suggesting that volatility is likely to increase in the coming days, and the market may welcome a 'stimulating' trend! 🔥
Overall, the 0.00001553 USD level is a critical node for SHIB to potentially kick off a new rally. Crypto friends, it might be wise to closely monitor this position and prepare for possible surprises! 😉
SHIB technical analysis: Bullish signals abound, is a breakthrough at the key resistance level of 0.00001553 imminent? 🐕🚀
Recently, #SHİB the technical indicators have conveyed many positive signals! The MACD has shown a bullish crossover near the zero line, indicating that buying pressure is starting to strengthen, and the trend is likely to develop upwards. 📈 Meanwhile, the RSI is at 56.19, indicating that SHIB has not yet entered the overbought zone, leaving plenty of room for further increases, suggesting considerable market potential! 💪
More importantly, the Chaikin Money Flow indicator shows a positive value of 0.04, indicating moderate buying pressure in the market, with investors actively participating, and the trend is expected to continue. 🔥
Most importantly, SHIB is striving to break through the crucial resistance level of 0.00001553. If successful, this could trigger a sustained upward trend, leading the price towards the next major resistance level and attracting more funds into the market! 🚀
However, the market always has uncertainties. If SHIB fails to break through this key level, the price may remain in the current range, waiting for a stronger catalyst to drive the next wave of market action. 🤔
Overall, SHIB is currently at an important technical node, and the upcoming trends are worth close attention. Crypto friends, it might be wise to keep an eye on this position, prepare for a possible upward trend or correction, and maintain rational operations! 😉#SHIB
