๐ฅ Shiba Inuโs burn rate has skyrocketed over 9,400% in 24h, fueling bullish sentiment. In the same time, SHIB price surged 7%, with analysts eyeing a 105% rally to $0.000081.
๐ Analyst Javon Marks highlights a bullish RSI divergence, signaling selling pressure is fading. SHIB also formed a rounded bottom pattern, hinting at a long-term bullish reversal.
๐ฅ SHIBโs breakout above key resistance and a strong bullish candle reflect investor confidence. Plus, it recently flipped Hedera by market cap, strengthening buyer control.
๐ On-chain data reveals a major resistance zone between $0.000016โ$0.000019, held by over 116K wallets. Breaking through this level could unlock gains toward $0.000024.
๐ Open interest is up 19%, even as volume dropsโsuggesting new buyers are entering in anticipation of volatility. Support lies between $0.000014โ$0.000016 if momentum fails.
โ ๏ธ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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