Technical Analysis for Currency $SHIB
🔹️Potential Technical Optimism: There is a formation like a "double bottom" between 0.000010 and support at this level, and if the price surpasses the resistance at 0.0000159, it may target the level of 0.0000254, representing an increase of about 59%.
🔹️Growth in Burn Rate: One million SHIB tokens are burned daily, adding some positive momentum, although 9 million out of 589 trillion is a negligible percentage.
🔹️The "inverse head and shoulders" pattern has recently formed, supported by the launch of a security update for the Shibarium platform, enhancing the potential positive scenario if the price breaks the neckline.
🔹️Underlying Negative Trend: Data indicates an increase in short bets, reflecting a more bearish sentiment among some traders.
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