📉 SHIB Price & Momentum
SHIB’s burn rate skyrocketed 580%, reducing supply. Despite a 1.58% dip, strong support at $0.00001290 - $0.00001400 suggests buyers are stepping in. A break above $0.00001718 could trigger a move to $0.00002011 - $0.00002415.
📊 Holder Sentiment & Market Impact
Currently, 76.85% of SHIB holders are at a loss, while only 16.48% are in profit. If the price rises, some may sell at breakeven, creating resistance zones. However, the burn rate reducing supply could drive prices higher.
💰 Liquidations & Market Balance
Recent data shows $80K in long liquidations vs. $19K in shorts, indicating bulls remain active. With 126 bulls vs. 127 bears, the market is balanced, but the burn rate surge may tip momentum toward buyers.
🚀 Can SHIB Rally?
A breakout above $0.00001718 could push SHIB higher, while selling pressure may lead to further consolidation. Traders are watching for confirmation of bullish momentum.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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