SHIB has been a bit hot recently🔥, with prices hovering around $0.00001320, and it even peaked at $0.00001334. Don't be fooled by the many decimal points; the market situation is quite promising😎. Currently, it is in a symmetrical triangle consolidation pattern, and the technical indicators show that the "breakout pressure" is quietly building up.
Even more exciting is that SHIB's "burn rate" is through the roof — 102 million SHIB were burned within 7 days, with a single-day peak of 1548%🔥! Although this is just a drop in the bucket compared to the total supply of 584 trillion, it still sends a signal: scarcity is increasing, and long-term value is expected to be gradually amplified.
From a technical standpoint, the 200-day EMA is a key major hurdle🚧. For SHIB to truly open up upward space, it must break through this level. As long as it can hold above $0.00001334 and break the 200-day moving average, a medium-term bullish trend can basically be established.
The news front is also supportive. Shibarium recently announced a partnership with DegenSafe to enhance network security🔐, which is a positive factor for community confidence and ecological development. Combining the burn mechanism with network upgrades, SHIB's fundamentals are gradually accumulating energy.
In summary: SHIB is brewing a breakout near $0.00001300⚡️, with technical patterns, burn activities, and ecological construction all firing on all cylinders. If it can successfully break through the 200-day moving average, the next wave of upward movement may not be far away🚀.
