$SHIB

Price Dips Despite 112,000% Burn Rate Surge

Shiba Inu ($SHIB ) continues to slide even as the burn rate explodes. Over 116M SHIB were burned this week, with Binance reporting a +3,400% spike (537M SHIB in 24h 🔥). But despite the deflationary push, SHIB remains stuck below resistance at $0.0000122.

🔹 Burn Rate: +112,000% (🚀 deflation in full force)

🔹 Key Resistance: $0.0000122 — watch for breakout

🔹 Chart Watch: Double bottom (W pattern) forming. Breakout = $0.000015–$0.000016 potential

🔹 Wallets: 1.5M+ SHIB holders. Shibarium on-chain activity rising

🔹 Whales: Still holding. One June whale sold 100B SHIB for $311K, but no major dumps since

🔹 24h Volume: $100M+

🔹 Market Cap: ~$7B

🔹 Current Price: ~$0.0000119–$0.0000122 range

🔹 Trend: Short-term bearish. Long-term signs of reversal if breakout holds

💡 Binance Setup

✅ Set alerts above $0.0000122

✅ Monitor SHIB/BUSD and SHIB/USDT pairs for volume surges

✅ Watch whales via Binance Smart Chain trackers

✅ Burn stats + Shibarium growth = long-term fuel

$SHIB might be prepping for a breakout — wait for confirmation before jumping in. 📈🔥