$SHIB is breaking out of a symmetrical triangle, with a move above $0.00001438 likely to strengthen the breakout. 📈
After hitting multi-week lows in early August, ShibaInu has rebounded to levels last seen on July 24, just before a correction. However, this recovery could also bring additional supply into the market, potentially offsetting the bullish impact of low exchange balances.
Next resistance levels stand at $0.00001469 and $0.00001518, with a potential rally toward $0.00001599 if momentum holds. 🚀
Shiba Inu plans a stablecoin partnership to improve its DeFi ecosystem and market cap, aligning with governance restructuring efforts that strengthens utility & liquidity.
Also, Shib’s total burn in 7 days is 101,090,837, 333.54% surge which creates scarcity that can push prices higher if demand holds or grows.
