Shiba Inu Coin Price Prediction: Why SHIB Could Peak At $0.001 $SHIB In March. #TrendingTopic
The Shib burn rate drops 100% to zero in 24 hours.🔥💰
Shiba Inu Coin required to uphold $0.000014 support, defeat a potential double-top resistance at $0.000015 to rally toward $0.001.🔥💰💵🤑
Increased buying pressure enhances investor interest in SHIB.
Shiba Inu Coin, the second most prominent meme coin, has been on the move this week, rallying in tandem with Bitcoin. As BTC peaked close to $64,000 on Wednesday, SHIB topped out at $0.0000147. Shiba Inu Coin price is up by a staggering 135% from its 2023 low of $0.0000059 to trade at $0.000014 during US business hours on Thursday.🔥💰💵🤑
Levels To Watch As Shiba Inu Coin Price Picks Up The Pace
Shiba Inu Coin maintains a positive outlook despite the burn rate falling 100% to zero. According to the Shib burn website, no coins have been burned in the last 24 hours, keeping the circulating supply at 581 trillion tokens.🔥💰
The token burn stands out as one of the most elaborate in the crypto industry with 410 trillion SHIB removed from supply so far. Despite this impressive achievement, Shiba Inu is still among the projects with the largest token supplies believed to be holding it back from rallying to record highs and beyond.
Key projects like the layer 2 scaling solutions, and Shibarium are also contributing to the burn program.🔥💰
Meanwhile, the path of the least resistance flipped upwards after SHIB pushed past the descending trend line resistance, as shown on the daily chart. While the tokenion at $0.00001 initially kept SHIB consolidation between support highlighted by the 200-day Exponential Moving Average (EMA) at $0.0000092.🔥💰💵🤑🤑🤑🤑
The Moving Average Convergence Divergence (MACD) indicator backs the rally flaunting a buy signal since the beginning of February.🔥💰
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