🚀 Shiba Inu’s Burn Rate Skyrockets by 1041%!

The Shiba Inu (SHIB) ecosystem is making headlines again as its burn rate soared by an astonishing 1041% in the past 24 hours, with 6.54 million tokens burned. This significant spike has reignited hopes for a potential price rally, as both retail and institutional interest surge.

🔍 What’s Driving the Burn?

Recent on-chain data from Shibburn highlights two major burns from wallet 0x608….9fe80, contributing 2.14 million SHIB tokens. Historically, spikes like these have set the stage for bullish momentum. For instance:

• October 1: 10.31M SHIB burned at a 320% rate.

• September 28: 1.88B tokens incinerated, marking a 19,930% burn rate surge.

As network activity intensifies, SHIB Futures Open Interest has also climbed by 20% to $52.93M, signaling increased market appetite for the token.

📊 Technical Analysis: SHIB Gears Up for a Breakout

Top analysts are eyeing a breakout moment for SHIB:

• Javon Marks forecasts a 351% price surge, targeting $0.000081 following SHIB’s recent breakout from a falling wedge pattern.

• BigMike7335 suggests SHIB could erase another zero, reaching as high as $0.0002479, with a crucial Fibonacci resistance at $0.00003747. Breaking this level could trigger a parabolic move toward $0.0002.

💰 Whale Activity Points to Confidence

Large holders are doubling down on SHIB. According to IntoTheBlock, over 120,930 addresses have accumulated 550 trillion SHIB in the price range of $0.000014–$0.000018. This whale activity underlines growing confidence in SHIB’s long-term potential.

🔥 What’s Next for SHIB?

With bullish technical patterns, a surging burn rate, and strong whale accumulation, SHIB seems primed for an upward trajectory. However, breaking through resistance levels like $0.00003747 will be critical for sustained growth.

💎 Key Levels to Watch:

• Support: $0.00001550

• Resistance: $0.00003747

• Targets: $0.000081 (short term), $0.0002 (medium term)

🌟 Stay Ahead in the Game!

Follow the price action and stay updated with $SHIB signals. Remember to manage risk wisely—secure partial profits and adjust stop-loss levels as SHIB reaches new milestones.

#CryptoTrading #SHIBArmy #BinanceTradingSignals #AltcoinsRising #MicroStrategyInNasdaq100

The Shiba Inu ($SHIB ) ecosystem is buzzing with activity as its burn rate skyrockets by an astonishing 1041% in the past 24 hours, with 6.54 million $SHIB tokens incinerated. This massive increase has reignited hopes for a potential price rally, attracting both retail and institutional investors.
🔥 What’s Driving the Burn?
Recent on-chain data from Shibburn reveals two major burns from wallet 0x608….9fe80, contributing 2.14 million SHIB tokens. Historical data suggests that such surges in burn rates have often preceded significant price movements. Key burn events include:
October 1: 10.31M SHIB burned at a 320% rate.
September 28: A massive 1.88B SHIB burned at an extraordinary 19,930% rate. As network activity intensifies, SHIB Futures Open Interest has climbed by 20% to $52.93M, signaling heightened market demand for the token.
📊 Technical Analysis: SHIB Gears Up for a Breakout
Top analysts are forecasting a potential breakout for SHIB:
Javon Marks predicts a 351% surge, targeting $0.000081, following SHIB’s breakout from a falling wedge pattern.
BigMike7335 sees SHIB erasing another zero, reaching $0.0002479, with a crucial Fibonacci resistance at $0.00003747. Breaking this level could trigger a parabolic move toward $0.0002.
💰 Whale Activity Points to Confidence
Whale activity is another positive signal for SHIB’s future. According to IntoTheBlock, over 120,930 addresses have accumulated 550 trillion SHIB in the price range of $0.000014–$0.000018, reinforcing growing confidence in SHIB’s long-term potential.
🔥 What’s Next for SHIB?
With bullish technical patterns, a surging burn rate, and whale accumulation, SHIB appears primed for an upward trajectory. However, breaking through key resistance levels like $0.00003747 will be crucial for sustained growth.
💎 Key Levels to Watch:
Support: $0.00001550
Resistance: $0.00003747
Targets:
Short Term: $0.000081
Medium Term: $0.0002
🌟 Stay Ahead in the Game!
Keep an eye on the price action and stay updated with $SHIB signals. As SHIB reaches new milestones, remember to manage your risk wisely—secure partial profits and adjust stop-loss levels accordingly.
#CryptoTrading #SHIBArmy #BinanceTradingSignals #AltcoinsRising #MicroStrategyInNasdaq100