Here is an updated analysis of Shiba Inu (SHIB):
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📊 Current Situation
The price is approximately $0.00001154, with a daily fluctuation between $0.00001146 – $0.00001175.
The technical sentiment is neutral – RSI center around 53, with 22 "buy" signals versus 7 "sell" signals.
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🔥 Bullish Forces
1. Continuous burning – 2024 has seen rapid activity with billion-token burns, even jumping the burn rate by 2,296%, and around 1 B SHIB burned in one go.
2. Activity on Shibarium – Transactions increased by 2,000% recently, with 500 M SHIB burned in 24 hours.
3. Positive technical patterns – The emergence of a "falling wedge" and "cup-and-handle," with expectations of reaching up to $0.00003 or more (91%, or 420–660%).