👋 Guys, if you are a SHIBA INU holder, we have great news today! It seems that the downtrend has been broken and the price is finally starting to recover significantly 🚀! Bitcoin price has reached $68,000 and Lucy, SHIBA's CMO, has confirmed a new project that will help burn more SHIBA coins 🔥.
Coin Burning: As for SHIBA burning, Lucy announced a new collaboration that could boost coin burning, but we need higher burn rates to make a real impact 🕯️. In 2024, burns haven’t made a big impact, as we still have trillions of coins that need to be burned to make a real impact. However, this new collaboration could be a positive step.
✨ Technical Analysis: We notice that the price has previously fallen to consolidate at a specific support level, but it is clearly respecting this level. In the last 48 hours, many coins such as XRP, Shiba, and Jasmine have seen a decline, but with a noticeable recovery. Buying coins when prices are low can lead to significant profits when used in margin trading 📈.
Here are some points to watch in the coming days:
Whales on the move: Large investors are taking advantage of falling prices, targeting to buy currencies at lower levels 📊.
Expected Positive Trends: If the market continues to rise as we expect, we may see large green candles that help push Shiba 💹's value up significantly.
Burn Strategy: Although burn rates have not yet reached impressive levels, efforts are underway to support this goal. Every burn contributes, but the big dream is achieved when we can burn billions per week 🔥.
🎉 Follow our updates, and remember that buying on dips and analyzing the market helps in taking advantage of opportunities. Follow us and see how things develop for more updates! 🚀
#MarketDownturn #BinanceTurns7
