SHIB PRICE TARGETS $0.0000138 AS BULL FLAG AND BURN RATE STRENGTHEN CASE!

Shiba Inu (SHIB) price is currently trading at $0.0000112, with predictions suggesting it could surge to $0.0000138, representing an 18% increase. This forecast is based on a bull flag pattern forming on the 4-hour chart, which typically indicates a continuation of the uptrend after a brief pause.

Key Factors Influencing SHIB Price:

Bull Flag Pattern: A bullish technical structure that suggests a potential price rebound.

Burn Rate: A 12,833% increase in SHIB's burn rate, with over 13 million tokens burned in the last 24 hours, reducing the circulating supply.

Network Activity: A 27% increase in daily active addresses, indicating growing user engagement and potentially driving up demand.

Resistance Levels: SHIB needs to break above $0.0000125 and $0.0000138 resistance levels to confirm a strong trend.

Potential Price Targets:

Short-term Target: $0.0000138, representing an 18% increase from current levels.

Mid-term Targets: $0.00002149, $0.00002323, and $0.00002527, based on trend breakout indicators.

Long-term Predictions: Some analysts forecast SHIB reaching $0.0001 or higher, depending on market conditions and adoption .#BTC110KToday? #NODEBinanceTGE $SHIB #SHIB