Will SHIB Reach $0.00002065 After Binance Burn This Week?**
**Shiba Inu's Price Rise**
Shiba Inu, like other meme coins Doge, Pepe, and DOGwifhat, saw a significant price increase in the last 24 hours, hinting at a possible rally.
**Shiba Army’s Request to Binance**
The Shiba Army requested Binance CEO Richard Tend to burn SHIB tokens, similar to LUNC burns, which received massive support from fans on Twitter.
**Technical Analysis**
Data from IntoTheBlock shows Shiba Inu facing resistance between $0.000017 and $0.000019, with 30.37k addresses holding 424.11T SHIB tokens. A breach could lead to profit-booking and a price drop. However, the Stoch RSI indicates a rising pattern, suggesting potential gains if resistance is overcome. The price could reach $0.00002065 if it rises by 30%.
**Future Outlook**
The Rising Star candlestick pattern indicates a potential trend reversal. If SHIB holders avoid selling in the critical zone and Binance burns SHIB, a significant price surge is possible. However, meme coins are highly volatile, and whale movements can greatly impact prices. Proceed with caution.
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