📈 SHIB’s Bullish Pattern Hints at a Breakout
Analyst Crypto Elites sees a cup and handle pattern forming, signaling a potential 500% rally to $0.000183. However, SHIB must break resistance at $0.000014 to confirm bullish momentum.
🔥 SHIB Burn Rate Drops
Shiba Inu’s burn rate has fallen by 11% in 24 hours and 26% weekly, reducing token scarcity. Weak demand and lower burns could limit price gains.
📉 Shibarium TVL Hits New Lows
Shibarium’s Total Value Locked (TVL) dropped to $2.09M, its lowest in over five months. Declining network activity further slows the burn rate, weakening SHIB’s growth potential.
🔍 Key Levels to Watch
SHIB recently formed a double-bottom pattern, hinting at a bullish reversal. To rally, it must break $0.000014 and aim for $0.0000159. A drop below $0.00001316 could trigger a deeper correction.
📢 Final Thoughts
While analysts predict a massive rally, SHIB needs stronger buying pressure, increased burns, and higher Shibarium activity to sustain growth. Will bulls step in? 🚀
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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