🚀 Shiba Inu Ignites: Historic Price Surge Supported by Massive Burn and Whale Activity
The Shiba Inu (SHIB) coin recorded a strong increase of 8%, supported by a huge leap in whale activity of +188%, alongside a record increase in the burn rate reaching 48,000%, which boosted expectations of breaking through the double bottom pattern and targeting a level of $0.0000254.
Despite the notable upward momentum, technical indicators such as the rising Relative Strength Index (RSI) and increased SHIB inflows to trading platforms indicate a possibility of a correction or short-term slowdown before resuming the upward trajectory.