Your $SHIB bags just got hit with a 24-hour burn freeze: 0 tokens destroyed in the last full day.
The burn halt is a weird outlier for a token that relies on deflationary hype to keep retail excited. It flipped back to active burns super quick, but the market didn’t care: $SHIB is sitting at $0.000005, down 4.13% on the day, while neutral sentiment sits at 51/100. No panic, no FOMO, just total apathy toward the burn narrative right now.
My read? Don’t chase any bounce here until we see burn volume pick back up alongside buying pressure. If $SHIB breaks below the $0.0000048 support level on rising volume, that’s your signal the burn narrative is fully dead for this leg, and you exit any long positions without hesitation.
#Write2Earn #BinanceSquare #SHIB MemeCoin #SpotTradingTournament
The burn halt is a weird outlier for a token that relies on deflationary hype to keep retail excited. It flipped back to active burns super quick, but the market didn’t care: $SHIB is sitting at $0.000005, down 4.13% on the day, while neutral sentiment sits at 51/100. No panic, no FOMO, just total apathy toward the burn narrative right now.
My read? Don’t chase any bounce here until we see burn volume pick back up alongside buying pressure. If $SHIB breaks below the $0.0000048 support level on rising volume, that’s your signal the burn narrative is fully dead for this leg, and you exit any long positions without hesitation.
#Write2Earn #BinanceSquare #SHIB MemeCoin #SpotTradingTournament