Shiba Inu Price Prediction: Amidst a 48,000% Burn Rate Surge and Increasing Whale Trading Volume—Is the Next Step $0.0000254?
With rising whale trading volume and a significant increase in whale transactions, a bullish double bottom pattern is forming, with a price target for Shiba Inu at $0.0000254.
The price of Shiba Inu has formed a bullish double bottom pattern, with a target price of $0.0000259.
However, SHIB must break through the resistance level of $0.0000159 to achieve a rebound.
The increase in SHIB's burn rate and the growth in whale trading volume may further drive the price upward.
Today (August 13), the trading price of Shiba Inu is $0.0000135, up 4.42% in the last 24 hours. During this increase, the burn rate has also risen by over 48,000%. The trading volume of whale users has also grown by 188%. These developments suggest that SHIB could reach $0.0000254.
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