$SHIB Inu Burn Frenzy – 535M SHIB Gone! Will This Ignite a 22% Surge?
SHIB’s Explosive Burn Rate – Is a Major Rally Incoming?
🔥 The Shiba Inu community has burned 535.85 million SHIB tokens in just one week, marking a staggering 415% surge in burn rate! This aggressive supply reduction has fueled speculation about a massive price breakout.
🚀 With over 410 trillion SHIB tokens permanently destroyed, investors are eyeing the next big move as demand builds up.
How Does This Impact SHIB’s Price?
📊 Key Resistance & Support Levels
🔺 Resistance: If SHIB breaks above $0.00001337, it could skyrocket 22% toward higher targets.
🔻 Support: Holding above $0.00001244 is critical to maintaining bullish momentum.
📈 Bullish Outlook – Where Is SHIB Headed Next?
SHIB’s price jumped 5.29% following the burn event, signaling renewed investor confidence.
Analysts highlight a falling wedge breakout, which could propel SHIB to $0.00001375, $0.00001485, and $0.00001565.
A break above the 50-day moving average could confirm the start of an explosive rally.