I’ve noticed SHIB jumped over 3% in the past 24 hours, reaching its highest point in nearly seven weeks—around $0.00001416—while outperforming Bitcoin (20% gain vs. BTC’s 13%) . What’s really caught my attention is the spike in its burn rate, which surged roughly 2,080% week-over-week—fueling bullish sentiment and prompting analysts to forecast a potential 1,500% rally if current trends persist .
So from my perspective: SHIB’s explosive burn activity isn’t just noise—it’s a deflationary signal that’s helping build momentum. Pair that with strong chart patterns like inverse head-and-shoulders and RSI pushing toward 70, and I’m seeing strong signs pointing toward a potentially big rally ahead.
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