The secret to a comeback in a bear market: Can Shiba Inu (SHIB) soar 150% through burning and staking?
Currently, SHIB is hovering at $0.000014, just a step away from the year-to-date low of $0.00001025, but the soaring burn rate and staking data are injecting reversal momentum.
Accelerated burning + surge in staking, the supply-demand balance quietly tilts.
Token burning reduces circulation by permanently freezing tokens and is a key lever to boost coin prices. Data shows that the Shiba Inu network has burned over 420 trillion tokens since its inception, with a recent single-day burn volume skyrocketing to 14.76 million tokens, pushing the circulating supply down to 584 trillion tokens.
Meanwhile, over 15,000 members of the 'SHIB Army' participated in staking, locking up 48.3 trillion tokens (worth 67 million USD), further tightening market supply.
The technical aspect hides the mystery of a 'double bottom'; is a 150% increase to be expected?
CoinGape analysis points out that the SHIB daily chart has formed a rare 'double bottom' pattern: the double bottom low of $0.00001080 and the neckline at $0.000033, potentially creating a space for a 150% increase.
In the short term, the small double bottom neckline at $0.00001565 is the first breakout target. If it can hold above $0.000022 (50% Fibonacci retracement level), the bullish logic will be confirmed; conversely, if it falls below the $0.00001080 double bottom support, the upward expectation may end.
Ecological empowerment: Diversifying the burning mechanism activates value.
Shiba Inu continuously reduces token supply through holders actively transferring to invalid addresses, ecosystem (like Shibarium) fee conversions for burns, etc.
‼️ Risk warning: Investment carries risks; as an investor, you should understand all risks in advance and make prudent investment decisions independently.
‼️ All account information content is for reference only and does not constitute any investment advice. If you have questions or need help, please contact me.
