Shiba Inu ($SHIB) is on fire 🔥, and the bulls are charging full speed ahead! With an incredible 3,679% burn rate, $SHIB has dramatically reduced its circulating supply, propelling the price to a yearly high of $0.00002612, marking an impressive 8.82% increase! But the story doesn’t end here—$SHIB is eyeing critical resistance levels, and the next move could be explosive.
🎯 Critical Levels to Watch:
Current Resistance: $0.00003076
Next Target: $0.00004587 🚀
The path to these price levels is looking clearer with several bullish indicators lighting up the charts!
📈 Bullish Signals:
Moving Averages Cross: The 9-day moving average has overtaken the 21-day moving average, confirming the uptrend and signaling strong momentum for $SHIB! 📈
On-Chain Activity: Active SHIB addresses are up 0.81%, showing consistent community support and growing interest. 💬
Market Sentiment: Open interest has surged by 14.38%, indicating that traders are feeling more confident and are betting on continued upside. 📊
⚠️ Stay Sharp—Key Watch Factors:
Exchange Reserves: A slight increase (+0.04%) in exchange reserves may signal some profit-taking in the near future. 💰
Volatility: The Average True Range (ATR) stands at 0.00000237, indicating higher volatility ahead. This means risk management is essential as price swings could be sharp. ⚡
🔮 What’s Next for SHIB?
With $0.00003076 holding as resistance, the key question is: Will SHIB break through this level and surge to new heights? Or will selling pressure cause a pullback toward the support levels?
💡 Trade Smart: The momentum is clearly on SHIB’s side, but volatility is high, so keep an eye on the charts and stay ready to seize opportunities. Whether you're looking to enter or take profits, Binance is the place to trade and stay ahead of the curve.
🔔 Stay updated on SHIB’s next big move and make your next play on Binance!
