📣📣🔥 #shiba⚡ : SHIB Burn Rate Sparks Price Surge Potential 🐂🪙📣📣
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. Shiba Inu (SHIB) is gaining traction as burn rate activities fuel optimism for a price breakout. Here’s the latest analysis:
💡 Key Highlights:
• Burn Rate Update:
• Past 24Hrs: 2,242,442 SHIB burnt (-81.06% drop).
• Past 7 Days: 87,892,567 SHIB burnt (-96.91% drop).
• Lower weekly burns suggest a strategic stabilization in supply and price.
• Price Performance:
• Current Price: $0.00002811 (+0.45% in 24hrs).
• Market Cap: $16.89B (+3.63%).
• Volume: $831.44M (-23.47%).
🔥 Analysis and Prediction:
• The burn mechanism is boosting community confidence, supporting SHIB’s rebound from its recent low of $0.00002447.
• Resistance Level: If SHIB breaks above $0.000032, a sustained rally could follow.
• Support Level: Key support is near $0.000025.
📊 Outlook:
Market sentiment is leaning bullish as SHIB’s deflationary approach and broader crypto recovery show signs of momentum. Watch for increased burn activity and volume spikes for a potential price surge.
🐾 Will SHIB break through resistance? Let’s discuss the next move! 🚀 #CryptoUsersHit18M #USUALSpotLaunch #RLUSDApprovalBoostXRP #SHIBAUSDT $SHIB