🚀 Shiba Inu $SHIB Shoots — More Resistances and Whales May Test the Strength of the Rise
Shiba Inu (SHIB) began this Wednesday (13) at the top of the crypto market discussions, registering an appreciation of about 9% in the last 24 hours and being traded close to US$ 0.00001394.
The market capitalization exceeds US$ 8.2 billion, consolidating the token in the 28th global position, with a daily volume above US$ 300 million.
What drives the rise?
The main fuel for the rally was a massive token burn, with over 85 million of $SHIB removed from circulation in a single day, boosting the burn rate to an impressive 83,891%. This drastic reduction in supply fuels expectations of future appreciation.
Another relevant event was the movement of a whale, who transferred over 202 billion SHIB to Coinbase Prime. This type of operation often raises questions: is it an imminent sale or just a strategic movement?
The technical side and points of attention
The chart shows a possible "cup & handle" pattern, which, if confirmed, could open up space for a rise of up to 36%. The most important support is at US$ 0.0000103, while the immediate resistance is US$ 0.00001350.
The current RSI is around 66, suggesting room for more gains before entering overbought territory — but already signaling that the asset is approaching a zone of attention.
Conclusion: the $SHIB is experiencing an explosive moment, with short-term fundamentals supporting optimism. However, the presence of large players and resistance zones require strategic caution for those thinking of entering now.