It's time to focus on $SHIB ๐ฅ๐ฅ๐ถ Shiba Inu ($SHIB ) Sparks Community Excitement Amid Burn Surge & Bullish Patterns! ๐ฅ๐๐
๐ฐ Price: $0.00001346
๐ 24H Change: +0.05%
๐ Market Cap: $7.91B
๐ 24H Volume: $176.25M
๐ Rank: 17
๐ฐ Recent Developments
๐ฅ Burn Rate Surge: SHIB's burn rate spiked by 656%, with over 16 million tokens removed from circulation in 24 hours, indicating strong community engagement.
๐ Bullish Pattern Formation: Analysts identify a "cup and handle" pattern on SHIB's chart, suggesting a potential 30% price breakout.
๐ผ Institutional Interest: April saw the emergence of 109 new SHIB millionaire wallets, reflecting growing institutional accumulation.
๐ Technical Analysis
๐ข MACD: Bullish crossover observed, indicating upward momentum.
โ ๏ธ RSI: Approaching overbought territory; caution advised.
๐งฑ Support Level: $0.0000124
๐ง Resistance Level: $0.0000150
๐ฎ Price Outlook
๐ฏ Short-Term Target: $0.0000140
๐ Mid-Term Projection: $0.0000200
๐ Long-Term Vision: $0.0000500+
๐ง Analyst Insight:
Shiba Inu's recent burn rate surge and bullish chart patterns have reignited community enthusiasm. While technical indicators show upward momentum, investors should remain cautious of potential overbought conditions.
๐ Are you bullish on $SHIB 's trajectory?
