📈 Price Performance and Market Sentiment
Current Price: SHIB is trading around $0.000015 (approximately Rp0.245) with a market capitalization of over Rp144 trillion.
Weekly Increase: In the past week, SHIB experienced an increase of 24%.
Market Volatility: Despite the memecoin market facing pressure due to a surge in funds to Trump Coin, SHIB showed resilience by maintaining key price levels.
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🔥 Burning Activity and Technical Analysis
Surge in Burns: The SHIB burn rate skyrocketed by 6,500% in the last 24 hours, with over 28 million tokens removed from circulation.
Bull Flag Pattern: The price chart shows the formation of a bull flag pattern, which often indicates potential further price increases.
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⚠️ Potential Correction and Profit-Taking Actions
Profit-Taking Actions: Some investors are beginning to take profits, which could trigger a price correction in the short term.
Decline in Trading Volume: SHIB's daily trading volume decreased by 34.46%, signaling a potential trend reversal.
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🔮 Predictions and Future Prospects
Potential Increase: Analysts predict that SHIB has the potential to experience a price increase of up to 10 times in this market cycle, supported by positive technical and fundamental factors.