Shiba Inu (#SHIB ) has been performing well these past few days, with the current price around $0.00001398, an increase of over 8% in the last 24 hours, and it has successfully stood above the 200-day moving average ($0.00001355).

What's even more exciting is that the token burn rate has skyrocketed by over 78,000%, burning nearly 88 million SHIB in just one day! At the same time, whales have also started to become active, indicating that market sentiment is warming up.

Analysts believe that if SHIB can successfully break through the resistance at $0.0000159, there is a short-term opportunity for it to surge by 59%, targeting $0.0000254.

However, don't forget that market guru Lucie reminds us: to reach a market cap of $30-50 billion, the SHIB price needs to approach at least $0.00005091. This means that a major bull market hasn't truly started yet; it feels more like a warm-up stage.