$SHIB BURN RATE SURGES 350% — IS THIS THE START OF A NEW RALLY? 🔥
Shiba Inu’s burn rate jumped over 350% in 24 hours, removing 12.47 million $SHIB from circulation. Over the past week, total burned tokens exceeded 44 million, reinforcing the deflationary narrative.
Exchange outflows continue to outweigh inflows, signaling reduced short-term sell pressure as holders prefer to stash tokens. Whale activity is also picking up with large buy orders appearing. Technically, support at 0.00000409 USD is holding firm, with resistance at 0.00000450 USD. A breakout could open the path toward 0.00000500 USD.
Do you think the combination of rising burn rate and whale inflows can push SHIB past resistance?
Not financial advice. Always manage your risk.
#SHIB #BurnRate #WhaleActivity #Crypto #Altcoin
🔥
Shiba Inu’s burn rate jumped over 350% in 24 hours, removing 12.47 million $SHIB from circulation. Over the past week, total burned tokens exceeded 44 million, reinforcing the deflationary narrative.
Exchange outflows continue to outweigh inflows, signaling reduced short-term sell pressure as holders prefer to stash tokens. Whale activity is also picking up with large buy orders appearing. Technically, support at 0.00000409 USD is holding firm, with resistance at 0.00000450 USD. A breakout could open the path toward 0.00000500 USD.
Do you think the combination of rising burn rate and whale inflows can push SHIB past resistance?
Not financial advice. Always manage your risk.
#SHIB #BurnRate #WhaleActivity #Crypto #Altcoin
🔥