SHIB Ignites with$SHIB 22,600% Burn Surge — Is a Bullish Breakout Next?
In the fast-paced world of meme coins, Shiba Inu ($SHIB
just set the crypto world ablaze—literally. The token’s burn rate exploded by a staggering 22,604% in just 24 hours, wiping out over 200 million tokens from circulation. For the SHIB Army and savvy traders alike, this could be the spark that lights the next rally.
Why This Burn Matters More Than Ever
Token burning isn’t just symbolic—it’s strategic. By permanently removing $SHIB from circulation, the supply tightens, paving the way for potential price appreciation. And with such a dramatic spike in the burn rate, the market is taking notice.
This isn't just a statistical anomaly. It’s a signal. One that historically has preceded bullish moves in SHIB’s price. Couple that with rising on-chain activity, and the case for a price surge gets even stronger.
Technical Indicators Flash Green
The fundamentals are aligning with the charts. SHIB’s MACD has flipped bullish, and momentum is clearly building. The MACD line has crossed above the signal line, often seen as a reliable early indicator of an uptrend.
Meanwhile, the RSI is holding just below 60—suggesting SHIB still has room to run before hitting overbought conditions. Translation? The rally may just be getting started.
Analysts Eye a 15% Jump—Here’s the Target
If SHIB can hold key support and break resistance at $0.000026, analysts see a fast move toward $0.000030—a potential