#SHIBA COIN

Shiba Inu (SHIB) is currently trading at $0.00001317, with a 24-hour price change of -0.34% to -0.98%. The market capitalization of SHIB is around $7.74 billion to $7.757 trillion, giving it a market dominance of 0.19% to 0.2%. Here are some key statistics¹ ² ³:

- *Recent Price Performance*:

- 24-hour change: -0.34% to -0.98%

- 7-day change: +1.14% to +3.80%

- 30-day change: -5.08% to -5.25%

- *Trading Volume*: The 24-hour trading volume of SHIB ranges from $200.42 million to $364.09 million, with a significant increase in market activity.

- *Circulating Supply*: The circulating supply of SHIB is approximately 589 trillion tokens, with a maximum supply of 589.55 trillion tokens.

*Market Outlook*

SHIB has broken out of a falling wedge pattern, signaling a potential price surge. Analysts predict a possible climb to $0.00001400 to $0.00001600, with a key resistance level at $0.00001500-$0.00001600. However, a drop below $0.00001280 could signal a warning sign, with $0.00001200 as the line in the sand.⁴

*News and Developments*

- *Bullish Chart Signals*: SHIB's chart signals a potential breakout, with a bullish pennant forming.

- *Burn Rate*: SHIB's burn rate has jumped 1,550%, but technical analysis points to a bearish breakdown.

- *Open Interest*: SHIB's open interest has reached 13.62 trillion, indicating increased market activity.