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Jump into the vibrant world of #SHIB! Explore the thriving Shiba Inu community, where innovation meets investment. Whether you're following SHIB's latest trends or diving into its expansive ecosystem, there's always something exciting to discover. Connect with fellow enthusiasts, share insights, and stay updated with #SHIB. Join the conversation and be part of the movement!
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Will Shiba Inu (SHIB) Lead The Memecoin Bull Run?Will Shiba Inu (SHIB) Lead The Memecoin Bull Run? Claim Instant $200 Worth Of DunkiMunki MemeCoins Free On www.DunkiMunki.xyz     Shiba Inu (SHIB) has built momentum this week following an increase in burn rates and whale transactions amid other factors. Shiba Inu (SHIB) is igniting bullish interest in the cryptocurrency market following a wave of positive on-chain factors spurring price growth. At press time, SHIB trades at 0.0000227, an 8% increase this week despite facing slight short-term corrections. The uphill rally in SHIB and memecoins has been tipped by multiple traders on social media spaces as ushering in the next market bull phase. Shiba Inu’s market capitalization stands over $13.4 billion with daily trading volumes almost at $400 million. Shiba Inu recorded surging transactions alongside its price uptick. The memecoin notched an increase in daily volumes and new active accounts on the back of network upgrades. Claim Instant $200 Worth Of DunkiMunki MemeCoins Free On www.DunkiMunki.xyz   #Bitcoin #Ethereum #SHIB #ShibaInu $SHIB

Will Shiba Inu (SHIB) Lead The Memecoin Bull Run?

Will Shiba Inu (SHIB) Lead The Memecoin Bull Run?
Claim Instant $200 Worth Of DunkiMunki MemeCoins Free On www.DunkiMunki.xyz  

 
Shiba Inu (SHIB) has built momentum this week following an increase in burn rates and whale transactions amid other factors.
Shiba Inu (SHIB) is igniting bullish interest in the cryptocurrency market following a wave of positive on-chain factors spurring price growth.
At press time, SHIB trades at 0.0000227, an 8% increase this week despite facing slight short-term corrections.
The uphill rally in SHIB and memecoins has been tipped by multiple traders on social media spaces as ushering in the next market bull phase. Shiba Inu’s market capitalization stands over $13.4 billion with daily trading volumes almost at $400 million.
Shiba Inu recorded surging transactions alongside its price uptick. The memecoin notched an increase in daily volumes and new active accounts on the back of network upgrades.

Claim Instant $200 Worth Of DunkiMunki MemeCoins Free On www.DunkiMunki.xyz  

#Bitcoin #Ethereum #SHIB #ShibaInu $SHIB
$SHIB has shown signs of recovery following a significant decline. [Collect FREE Bonk token](https://www.binance.com/activity/referral-entry?ref=LIMIT_CB20R8UE) As of now, the $SHIB/USDT pair is priced at $0.00001351, marking a decrease of 14.92% over the last 24 hours. During this period, it reached highs of $0.00001589 and lows of $0.00001266, with a trading volume amounting to 5.64 trillion $SHIB and $80.47 million USDT.To capitalize on potential long positions, consider initiating entries close to the 24-hour low of $0.00001266, aiming for an upswing towards approximately $0.00001551. Conversely, for short positions, entering near the current price of $0.00001351 could be strategic, with a target around $0.00001252.Effective strategy execution involves diligent monitoring of price action and volume across various timeframes (15 minutes, 1 hour, 4 hours, and daily) to refine these trading approaches. #Bearish #SHIB
$SHIB has shown signs of recovery following a significant decline.
Collect FREE Bonk token
As of now, the $SHIB/USDT pair is priced at $0.00001351, marking a decrease of 14.92% over the last 24 hours. During this period, it reached highs of $0.00001589 and lows of $0.00001266, with a trading volume amounting to 5.64 trillion $SHIB and $80.47 million USDT.To capitalize on potential long positions, consider initiating entries close to the 24-hour low of $0.00001266, aiming for an upswing towards approximately $0.00001551. Conversely, for short positions, entering near the current price of $0.00001351 could be strategic, with a target around $0.00001252.Effective strategy execution involves diligent monitoring of price action and volume across various timeframes (15 minutes, 1 hour, 4 hours, and daily) to refine these trading approaches.

#Bearish #SHIB
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Whale Purchases 583 Billion SHIB as Shiba Inu Price Prediction Hits $0.000015 As the whole cryptocurrency market experiences a gloomy selloff today, the price of Shiba Inu has fallen by 8% in the last 24 hours, plunging to $0.00001528. The meme token has managed to hang onto a 100% gain in a year, whereas SHIB has lost 10% in a week and 36% in the previous 30 days. One whale bought 583 billion SHIB, or almost $10 million, in the last 24 hours, suggesting that today's decline gave investors a great chance to purchase the dip. It may be a good moment to get Shiba Inu tokens before they bounce, considering how much the market has oversold them in the last several weeks. With all of its indicators in positions that often presage a comeback, Shiba Inu's chart suggests that the meme currency has struck rock bottom. The most striking indicator is the relative strength index, which has dropped to 25 this morning, indicating that it is now oversold. The orange 30-day moving average has also hit a new low compared to the blue 200-day average, so the situation is pretty much the same. Anyone hoping to purchase the dip should definitely do it now, since the 30-day's plummet to such a level often occurs shortly before a rally, much like the RSI. Given the contributing factors to today's market-wide slump, it's not out of the question that the Shiba Inu price might go down a little further before it starts to rise again. #SHIB #SOFR_Spike $SHIB {spot}(SHIBUSDT)
Whale Purchases 583 Billion SHIB as Shiba Inu Price Prediction Hits $0.000015

As the whole cryptocurrency market experiences a gloomy selloff today, the price of Shiba Inu has fallen by 8% in the last 24 hours, plunging to $0.00001528.

The meme token has managed to hang onto a 100% gain in a year, whereas SHIB has lost 10% in a week and 36% in the previous 30 days.

One whale bought 583 billion SHIB, or almost $10 million, in the last 24 hours, suggesting that today's decline gave investors a great chance to purchase the dip.

It may be a good moment to get Shiba Inu tokens before they bounce, considering how much the market has oversold them in the last several weeks.

With all of its indicators in positions that often presage a comeback, Shiba Inu's chart suggests that the meme currency has struck rock bottom.

The most striking indicator is the relative strength index, which has dropped to 25 this morning, indicating that it is now oversold.

The orange 30-day moving average has also hit a new low compared to the blue 200-day average, so the situation is pretty much the same.

Anyone hoping to purchase the dip should definitely do it now, since the 30-day's plummet to such a level often occurs shortly before a rally, much like the RSI.

Given the contributing factors to today's market-wide slump, it's not out of the question that the Shiba Inu price might go down a little further before it starts to rise again.

#SHIB #SOFR_Spike $SHIB
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#SHIB ubdate **Shiba Inu (SHIB) Faces Critical Support Test: Potential to Add Another Zero** Shiba Inu (SHIB) is currently trading at $0.000015, hovering around a crucial support level. If this level doesn't hold, SHIB could drop further and add another zero to its price, a significant psychological blow for investors. The recent market pressure has been intense, and SHIB is trading below key moving averages—the 50 EMA at $0.00002179, the 100 EMA at $0.00002131, and the 200 EMA at $0.00001944—all indicating a bearish trend. The RSI is at 26, placing SHIB in oversold territory, yet this may not be enough to prevent further declines. With only 48% of holders currently profitable, uncertainty is the prevailing sentiment. SHIB's fate hinges on maintaining the $0.000015 support. A break below could trigger a sharp drop and add another zero to its price. Investors should closely monitor Bitcoin's performance and broader market trends, as these factors heavily influence SHIB.
#SHIB ubdate
**Shiba Inu (SHIB) Faces Critical Support Test: Potential to Add Another Zero**

Shiba Inu (SHIB) is currently trading at $0.000015, hovering around a crucial support level. If this level doesn't hold, SHIB could drop further and add another zero to its price, a significant psychological blow for investors.

The recent market pressure has been intense, and SHIB is trading below key moving averages—the 50 EMA at $0.00002179, the 100 EMA at $0.00002131, and the 200 EMA at $0.00001944—all indicating a bearish trend. The RSI is at 26, placing SHIB in oversold territory, yet this may not be enough to prevent further declines.

With only 48% of holders currently profitable, uncertainty is the prevailing sentiment. SHIB's fate hinges on maintaining the $0.000015 support. A break below could trigger a sharp drop and add another zero to its price. Investors should closely monitor Bitcoin's performance and broader market trends, as these factors heavily influence SHIB.
ChatGPT Predicts Shiba Inu (SHIB) Price For July 31, 2024Shiba Inu (SHIB), the meme-inspired meme coin, continues to gain ground in the crypto world. While its price has fluctuated since its explosive rise in 2021, it remains a popular holding for many investors. With growing interest, many turn to AI predictions for insights into SHIB’s future. According to ChatGPT, a large language model from OpenAI, Shiba Inu could see a price increase by July 31, 2024. ChatGPT predicts a price of $0.00002 for SHIB by the end of July, representing a 17% increase from its current price of $0.00001708. This prediction offers a glimmer of hope for SHIB holders after a period of relative price stagnation. However, it’s important to remember that AI predictions, while interesting, shouldn’t be taken as financial advice. The cryptocurrency market is notoriously volatile, influenced by a complex web of factors like market sentiment, regulations, and celebrity tweets. While ChatGPT’s prediction offers a potential short-term boost, the true promise for Shiba Inu lies beyond individual price movements. The community behind SHIB, known as the SHIB Army, remains a powerful force, with unwavering enthusiasm for the project. This dedicated fanbase fuels continued development within the Shiba Inu ecosystem. However, challenges remain. The vast supply of SHIB tokens makes significant price increases difficult. Also, critics argue that SHIB’s value is primarily driven by hype rather than utility. Regulations and potential restrictions on meme coins by governing bodies pose further threats. So, where does this leave Shiba Inu? ChatGPT’s prediction offers cautious optimism, suggesting a potential rise in the short term. However, long-term success will depend on the Shiba Inu team’s ability to deliver real-world use cases and navigate the ever-changing regulatory landscape. Here are some additional factors to consider: Market Movements: The overall cryptocurrency market significantly impacts individual tokens like SHIB. A strong bull run could lift SHIB’s price beyond the predicted increase, while a bear market could push it even lower. Exchange Listings: Getting listed on major cryptocurrency exchanges can increase accessibility and trading volume, potentially boosting the price. Whale Activity: Large investors, often called whales, can significantly influence SHIB’s price with sizable buys or sells. Ultimately, the future of Shiba Inu remains uncertain. While ChatGPT’s prediction provides a possible scenario, investors should conduct thorough research, understand the risks involved, and never invest more than they can afford to lose. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #ShibaInu #SHIB

ChatGPT Predicts Shiba Inu (SHIB) Price For July 31, 2024

Shiba Inu (SHIB), the meme-inspired meme coin, continues to gain ground in the crypto world. While its price has fluctuated since its explosive rise in 2021, it remains a popular holding for many investors.
With growing interest, many turn to AI predictions for insights into SHIB’s future. According to ChatGPT, a large language model from OpenAI, Shiba Inu could see a price increase by July 31, 2024.
ChatGPT predicts a price of $0.00002 for SHIB by the end of July, representing a 17% increase from its current price of $0.00001708. This prediction offers a glimmer of hope for SHIB holders after a period of relative price stagnation.
However, it’s important to remember that AI predictions, while interesting, shouldn’t be taken as financial advice. The cryptocurrency market is notoriously volatile, influenced by a complex web of factors like market sentiment, regulations, and celebrity tweets.
While ChatGPT’s prediction offers a potential short-term boost, the true promise for Shiba Inu lies beyond individual price movements. The community behind SHIB, known as the SHIB Army, remains a powerful force, with unwavering enthusiasm for the project. This dedicated fanbase fuels continued development within the Shiba Inu ecosystem.
However, challenges remain. The vast supply of SHIB tokens makes significant price increases difficult. Also, critics argue that SHIB’s value is primarily driven by hype rather than utility. Regulations and potential restrictions on meme coins by governing bodies pose further threats.
So, where does this leave Shiba Inu? ChatGPT’s prediction offers cautious optimism, suggesting a potential rise in the short term. However, long-term success will depend on the Shiba Inu team’s ability to deliver real-world use cases and navigate the ever-changing regulatory landscape.
Here are some additional factors to consider:
Market Movements: The overall cryptocurrency market significantly impacts individual tokens like SHIB. A strong bull run could lift SHIB’s price beyond the predicted increase, while a bear market could push it even lower.
Exchange Listings: Getting listed on major cryptocurrency exchanges can increase accessibility and trading volume, potentially boosting the price.
Whale Activity: Large investors, often called whales, can significantly influence SHIB’s price with sizable buys or sells.
Ultimately, the future of Shiba Inu remains uncertain. While ChatGPT’s prediction provides a possible scenario, investors should conduct thorough research, understand the risks involved, and never invest more than they can afford to lose.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInu #SHIB
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BITCOIN WILL REACH 150,000 $ -200,000$ : Btc will reach 150,000 $ -200,000$ Till Nov - Dec 2025 this is based on previous cycle data as well as well known Big Investors and Whales like Michael Saylor , elon musk , mark cuban etc Dont be panic And Be Patient. LEGENDARY Investors Never lose money because thry have legendary strategy which never fails that is " BUY the Dip and Hold for Longterm " . Only Short term traders lose money becausr they think for short term gains instant gain and they lose. so Stop Panicking and Start using legendary Startegy of succesful traders and become one of millionaire even billionaire till nov- dec 2025 . 😇 #bitcoin #solana #SHIB #ETF #legendaryStrategy $BTC $ETH $SOL
BITCOIN WILL REACH 150,000 $ -200,000$ :

Btc will reach 150,000 $ -200,000$ Till Nov - Dec 2025 this is based on previous cycle data as well as well known Big Investors and Whales like Michael Saylor , elon musk , mark cuban etc
Dont be panic And Be Patient.

LEGENDARY Investors Never lose money because thry have legendary strategy which never fails that is " BUY the Dip and Hold for Longterm " .
Only Short term traders lose money becausr they think for short term gains instant gain and they lose.

so Stop Panicking and Start using legendary Startegy of succesful traders and
become one of millionaire even billionaire till nov- dec 2025 . 😇

#bitcoin #solana #SHIB #ETF #legendaryStrategy

$BTC $ETH $SOL
#ShibaInu Frenzy: Futures Spark ETF Dreams! Will #SHIB See $1? https://altcoinsanalysis.com/shiba-inu-frenzy-futures-spark-etf-dreams-will-shib-see-1/
#ShibaInu Frenzy: Futures Spark ETF Dreams! Will #SHIB See $1?

https://altcoinsanalysis.com/shiba-inu-frenzy-futures-spark-etf-dreams-will-shib-see-1/
JUST IN‼️ - German MP Joana Cotar to the German government: 🔸 "Instead of holding #Bitcoin as a strategic reserve currency, as debated in the USA, our government is selling on a large scale. This is not only unsensible but counterproductive." She invites government leaders to attend Samson Mow's lecture, "Bitcoin Strategies for Nation States," on October 17. #bitcoin #Binance #ETF #NFT #SHIB $BTC $ETH
JUST IN‼️ - German MP Joana Cotar to the German government:

🔸 "Instead of holding #Bitcoin as a strategic reserve currency, as debated in the USA, our government is selling on a large scale. This is not only unsensible but counterproductive."

She invites government leaders to attend Samson Mow's lecture, "Bitcoin Strategies for Nation States," on October 17.

#bitcoin #Binance #ETF #NFT #SHIB $BTC $ETH
Certainly! Here's a rewritten version with different terminology and paraphrased structure: **SHIB Price Analysis: Potential Upswing After Recent Drop** Shiba Inu (SHIB) has experienced a notable 7.61% decline, currently priced at $0.00001529. Recent market movements indicate increased trading volumes favoring bearish sentiment for meme coins. Despite a previous impressive rally from June 2023 to March 2024, where SHIB surged by over 720%, the token is now consolidating within a descending range. Market sentiment has turned cautious due to previous strong performance, often leading to corrective phases. This correction is seen as a precursor to a potential bullish reversal, with expectations of a significant upswing looming if SHIB finds support after another possible drop. Analyzing the weekly chart, SHIB shows bearish signals with indicators like RSI falling below long-term bullish trends and DMI levels nearing a bearish crossover. Further downside of up to 30% in the short term is anticipated, potentially testing support levels around $0.00001. However, if this support holds, it could mark a strong base for a rebound. A successful bounce could propel SHIB towards key resistance levels near $0.00003, suggesting a substantial recovery if bullish momentum resumes. This analysis suggests that despite current bearish pressures, SHIB might soon offer a compelling buying opportunity for traders anticipating a bullish turnaround to target higher price levels. #SHIB
Certainly! Here's a rewritten version with different terminology and paraphrased structure:

**SHIB Price Analysis: Potential Upswing After Recent Drop**

Shiba Inu (SHIB) has experienced a notable 7.61% decline, currently priced at $0.00001529. Recent market movements indicate increased trading volumes favoring bearish sentiment for meme coins. Despite a previous impressive rally from June 2023 to March 2024, where SHIB surged by over 720%, the token is now consolidating within a descending range.

Market sentiment has turned cautious due to previous strong performance, often leading to corrective phases. This correction is seen as a precursor to a potential bullish reversal, with expectations of a significant upswing looming if SHIB finds support after another possible drop.

Analyzing the weekly chart, SHIB shows bearish signals with indicators like RSI falling below long-term bullish trends and DMI levels nearing a bearish crossover. Further downside of up to 30% in the short term is anticipated, potentially testing support levels around $0.00001.

However, if this support holds, it could mark a strong base for a rebound. A successful bounce could propel SHIB towards key resistance levels near $0.00003, suggesting a substantial recovery if bullish momentum resumes.

This analysis suggests that despite current bearish pressures, SHIB might soon offer a compelling buying opportunity for traders anticipating a bullish turnaround to target higher price levels.

#SHIB
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Remember, once upon a time, not to long ago, $SHIB made early investors earn millions as it spiked 85,000,000% (85 million percent) between 2020 and 2021. We are still early, keep HODLing 🚀🚀🚀 #SHIB #LUNC #CKB #BTTC
Remember, once upon a time, not to long ago, $SHIB made early investors earn millions as it spiked 85,000,000% (85 million percent) between 2020 and 2021.

We are still early, keep HODLing 🚀🚀🚀

#SHIB #LUNC #CKB #BTTC
$BTC is set to soar to $150,000 - $200,000 by November - December 2025, based on historical cycle data and the support of prominent investors and whales like Michael Saylor, Elon Musk, and Mark Cuban. Stay calm and patient. Legendary investors never lose money; they follow the strategy of "Buy the Dip and Hold for the Long Term." Short-term traders often face losses as they chase quick gains. So, avoid panic, adopt the legendary strategy of successful traders, and pave your way to becoming a millionaire or even a billionaire by late 2025. #bitcoin #solana #SHIB #legendaryStrategy
$BTC is set to soar to $150,000 - $200,000 by November - December 2025, based on historical cycle data and the support of prominent investors and whales like Michael Saylor, Elon Musk, and Mark Cuban. Stay calm and patient. Legendary investors never lose money; they follow the strategy of "Buy the Dip and Hold for the Long Term." Short-term traders often face losses as they chase quick gains. So, avoid panic, adopt the legendary strategy of successful traders, and pave your way to becoming a millionaire or even a billionaire by late 2025.
#bitcoin #solana #SHIB #legendaryStrategy
🔽Is the Market Dump Due to MtGox? BTC from MtGox wallets started being transferred to the Bitbank exchange today, which will be used for payouts to those affected by the hack. The main payouts are still ahead, but BTC has already responded with a devastating drop. It's scary to think what to expect next. $JASMY $FLOKI $ONG #TAO #XLM #AVAX #SHIB #TRX
🔽Is the Market Dump Due to MtGox?

BTC from MtGox wallets started being transferred to the Bitbank exchange today, which will be used for payouts to those affected by the hack.

The main payouts are still ahead, but BTC has already responded with a devastating drop.
It's scary to think what to expect next.

$JASMY $FLOKI $ONG #TAO #XLM #AVAX #SHIB #TRX
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Shiba Inu Burn Rate Soars: Can It Help SHIB Reach $0.01?Shiba Inu's token burn rates have surged, following a significant drop to 1 million tokens on June 30. Key Insights: Shiba Inu burn figures have exceeded 300 million tokens, marking a 3750% increase in burn rates.The team has automated token burns, making high burn rates a regular occurrence.Burning Shiba Inu tokens provides both financial and sentimental benefits to the community.Lead developer Shytoshi Kusama has hinted at the possibility of burning 99% of the tokens in circulation. #ShibaInu #SHIB #cryptocurrency #CryptoNews #TokenBurn

Shiba Inu Burn Rate Soars: Can It Help SHIB Reach $0.01?

Shiba Inu's token burn rates have surged, following a significant drop to 1 million tokens on June 30.
Key Insights:
Shiba Inu burn figures have exceeded 300 million tokens, marking a 3750% increase in burn rates.The team has automated token burns, making high burn rates a regular occurrence.Burning Shiba Inu tokens provides both financial and sentimental benefits to the community.Lead developer Shytoshi Kusama has hinted at the possibility of burning 99% of the tokens in circulation.

#ShibaInu #SHIB #cryptocurrency #CryptoNews #TokenBurn
Shiba Inu Coin Set for Reversal as Burn Rate Hits 8500%Significant Spike in Burn Rate In a dramatic turn of events, the Shiba Inu (SHIB) coin burn rate has surged by over 8500% on Wednesday, July 3. Despite the recent downtrend, where SHIB dropped from over $0.000022 to below $0.000017, this spike in the burn rate has sparked optimism about a potential price reversal. Shiba Inu Coin Burn Rate Skyrockets According to Shibburn data, the Shiba Inu burn rate rocketed by an astounding 8596.57%, leading to the destruction of 17.71 million SHIB tokens. This significant increase has captured the attention of the crypto community, particularly due to the involvement of two notable wallets. The highest burn was initiated by the wallet 0x608..., known for its consistent participation in the Shiba Inu burn initiative, which burned a staggering 7.77 million SHIB tokens. Another wallet, 0xa2d..., contributed by transferring 4.17 million SHIB tokens to a dead wallet, effectively removing them from circulation. Other community participants also initiated smaller SHIB token burns. The purpose of burning Shiba Inu coins is to reduce the overall supply, theoretically increasing scarcity and potentially boosting the token’s value. With such a significant amount of SHIB removed from the market in a single day, speculation is growing about a positive impact on the SHIB price. Historical Impact of Burn Events Historically, burn events have had mixed impacts on the price of SHIB. While reducing supply can lead to price appreciation, the actual effect depends on various factors, including market sentiment, overall demand, and broader crypto market conditions. In the short term, the news of such a high burn rate may drive some positive sentiment and buying activity among SHIB investors, potentially leading to a price increase. Is a SHIB Price Reversal Ahead? The recent surge in the burn rate has led to speculation about a potential price reversal. The price of SHIB has recently found temporary support around $0.00001688. If this support level holds, Shiba Inu could rebound and reach $0.00002129, which would be a 28% increase from its current position. However, if the price falls, it may find support lower at $0.000012. It's important to note that $0.00002129 serves as a temporary resistance level. As of writing, the Shiba Inu price was down by 1.17% to $0.00001695 on Wednesday, July 3. The popular dog-faced meme coin held a market cap of $9.99 billion. On the flip side, the 24-hour trade volume for Shiba Inu coin surged by 4.18% to $182.27 million. Technical Indicators Currently, the SHIB price is trading lower than the 50-day and 200-day EMAs, suggesting a bearish trend in both the short and long term. However, the SHIB Relative Strength Index (RSI) value stands at 32, signaling that the meme crypto could soon enter the oversold territory. Historically, such situations have boosted cryptocurrency prices, including Bitcoin (BTC). Conclusion The recent 8500% spike in the Shiba Inu coin burn rate has ignited hope for a potential price rebound. While short-term market sentiment appears optimistic, the long-term sustainability of any price increase will depend on continued community support, broader adoption, and overall crypto market performance. Investors will be watching closely to see if SHIB can maintain its support levels and achieve a significant price rally. $SHIB #Shibarium #SHIB {spot}(SHIBUSDT) Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Shiba Inu Coin Set for Reversal as Burn Rate Hits 8500%

Significant Spike in Burn Rate
In a dramatic turn of events, the Shiba Inu (SHIB) coin burn rate has surged by over 8500% on Wednesday, July 3. Despite the recent downtrend, where SHIB dropped from over $0.000022 to below $0.000017, this spike in the burn rate has sparked optimism about a potential price reversal.
Shiba Inu Coin Burn Rate Skyrockets
According to Shibburn data, the Shiba Inu burn rate rocketed by an astounding 8596.57%, leading to the destruction of 17.71 million SHIB tokens. This significant increase has captured the attention of the crypto community, particularly due to the involvement of two notable wallets.
The highest burn was initiated by the wallet 0x608..., known for its consistent participation in the Shiba Inu burn initiative, which burned a staggering 7.77 million SHIB tokens. Another wallet, 0xa2d..., contributed by transferring 4.17 million SHIB tokens to a dead wallet, effectively removing them from circulation.
Other community participants also initiated smaller SHIB token burns. The purpose of burning Shiba Inu coins is to reduce the overall supply, theoretically increasing scarcity and potentially boosting the token’s value. With such a significant amount of SHIB removed from the market in a single day, speculation is growing about a positive impact on the SHIB price.
Historical Impact of Burn Events
Historically, burn events have had mixed impacts on the price of SHIB. While reducing supply can lead to price appreciation, the actual effect depends on various factors, including market sentiment, overall demand, and broader crypto market conditions. In the short term, the news of such a high burn rate may drive some positive sentiment and buying activity among SHIB investors, potentially leading to a price increase.
Is a SHIB Price Reversal Ahead?
The recent surge in the burn rate has led to speculation about a potential price reversal. The price of SHIB has recently found temporary support around $0.00001688. If this support level holds, Shiba Inu could rebound and reach $0.00002129, which would be a 28% increase from its current position. However, if the price falls, it may find support lower at $0.000012. It's important to note that $0.00002129 serves as a temporary resistance level.
As of writing, the Shiba Inu price was down by 1.17% to $0.00001695 on Wednesday, July 3. The popular dog-faced meme coin held a market cap of $9.99 billion. On the flip side, the 24-hour trade volume for Shiba Inu coin surged by 4.18% to $182.27 million.
Technical Indicators
Currently, the SHIB price is trading lower than the 50-day and 200-day EMAs, suggesting a bearish trend in both the short and long term. However, the SHIB Relative Strength Index (RSI) value stands at 32, signaling that the meme crypto could soon enter the oversold territory. Historically, such situations have boosted cryptocurrency prices, including Bitcoin (BTC).
Conclusion
The recent 8500% spike in the Shiba Inu coin burn rate has ignited hope for a potential price rebound. While short-term market sentiment appears optimistic, the long-term sustainability of any price increase will depend on continued community support, broader adoption, and overall crypto market performance. Investors will be watching closely to see if SHIB can maintain its support levels and achieve a significant price rally.
$SHIB #Shibarium #SHIB

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
📣 Analyst Who Predicted Current Shiba Inu Drop Now Projects Upcoming Rally to $0.000059 The market watcher first presented his analysis on May 31, when the downtrend was still in its infancy. At the time, Shiba Inu traded between a low of $0.00002487 and a peak of $0.00002635. During this period, SHIB held strong above the $0.00002 territory, still making attempts at retesting $0.00003. While most commentaries then predicted a surge toward $0.00003, Alikze warned that SHIB would record steeper drops. He presented an ultimate target above $0.00005 but noted that the meme coin could take one of three paths to this level. 🔸 Shiba Inu Records Steep Declines The first path could see Shiba Inu follow the path predicted by most analysts, laughing straight to $0.00005. In the second path, SHIB would retest a region between $0.00002084 and $0.00001786 and then skyrocket to $0.00005. He calls this region the liquidity area, marking a robust support level. However, for the third path, Alikze predicted that Shiba Inu would reach the liquidity area and then breach below it. He predicted that if the support at the liquidity area breaks, SHIB could drop to $0.00001707. Notably, this scenario eventually played out. Having ended June with a 32.13% collapse, Shiba Inu has broken below the liquidity area and now trades at $0.00001716. While Alikze expects an imminent recovery, he predicts steeper drops to the Fibonacci 100 area, aligning with $0.00004. He predicts this region to serve as the launchpad for greater heights. 🔸 A Potential Rally to $0.00005 When this rally eventually materializes, Alikze maintains his initial target of the $0.00005 territory. Specifically, he projects Shiba Inu to reach a price range of $0.00005387 to $0.00005937. The market commentator calls this area the resistance area. Notably, the last time SHIB saw this price was in November 2021, during its drop from the $0.00008845 all-time high. Market analyst Davie Satoshi also projects an imminent SHIB return to the $0.00005 price territory. $SHIB #SHIB {spot}(SHIBUSDT)
📣 Analyst Who Predicted Current Shiba Inu Drop Now Projects Upcoming Rally to $0.000059

The market watcher first presented his analysis on May 31, when the downtrend was still in its infancy. At the time, Shiba Inu traded between a low of $0.00002487 and a peak of $0.00002635. During this period, SHIB held strong above the $0.00002 territory, still making attempts at retesting $0.00003.

While most commentaries then predicted a surge toward $0.00003, Alikze warned that SHIB would record steeper drops. He presented an ultimate target above $0.00005 but noted that the meme coin could take one of three paths to this level.

🔸 Shiba Inu Records Steep Declines

The first path could see Shiba Inu follow the path predicted by most analysts, laughing straight to $0.00005. In the second path, SHIB would retest a region between $0.00002084 and $0.00001786 and then skyrocket to $0.00005. He calls this region the liquidity area, marking a robust support level.

However, for the third path, Alikze predicted that Shiba Inu would reach the liquidity area and then breach below it. He predicted that if the support at the liquidity area breaks, SHIB could drop to $0.00001707. Notably, this scenario eventually played out.

Having ended June with a 32.13% collapse, Shiba Inu has broken below the liquidity area and now trades at $0.00001716. While Alikze expects an imminent recovery, he predicts steeper drops to the Fibonacci 100 area, aligning with $0.00004. He predicts this region to serve as the launchpad for greater heights.

🔸 A Potential Rally to $0.00005

When this rally eventually materializes, Alikze maintains his initial target of the $0.00005 territory. Specifically, he projects Shiba Inu to reach a price range of $0.00005387 to $0.00005937. The market commentator calls this area the resistance area.

Notably, the last time SHIB saw this price was in November 2021, during its drop from the $0.00008845 all-time high. Market analyst Davie Satoshi also projects an imminent SHIB return to the $0.00005 price territory.

$SHIB #SHIB
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