Shiba Inu (SHIB) has experienced a remarkable recovery, with both its burn rate and market value seeing significant increases. In the past day, the burn rate surged by an impressive 781%, and the price jumped by up to 16% yesterday.
As of the latest update, SHIB has held onto these gains, rising 11% over the last 24 hours. This recovery has boosted the Shiba Inu community and caught the market’s attention, hinting that the token might keep growing.
Shiba Inu Sees Massive Burn Surge and Price Recovery
According to Shibburn X, over 18 million SHIB tokens (18,092,299) were burned in the last 24 hours, marking a dramatic 781.73% increase in the daily burn rate. As of the latest CoinMarketCap data, SHIB is trading at $0.0000164.

Source: X
The recovery in Shiba Inu’s price is influenced by the broader cryptocurrency market’s improving sentiment. As investor confidence grows and market conditions stabilize, assets like SHIB benefit from increased interest and trading activity.
Additionally, the positive sentiment within the Shiba Inu community has likely played a role in driving up both the burn rate and the token’s price.
Shiba Inu’s Future Outlook: Key Levels to Watch
In the coming weeks, the market will closely monitor Shiba Inu’s progress to see if it can maintain its upward momentum. Broader market trends and investor sentiment will likely influence SHIB’s future performance.
Currently, Shiba Inu bulls are targeting a crucial price level where a large amount of SHIB is held by several addresses. According to IntoTheBlock data, 422.29 trillion SHIB are held by 23,330 addresses at an average price of $0.000017. If the bulls manage to overcome this key level, the SHIB price could rise towards $0.00002.
A sustained move above the daily moving averages of 50 and 200 at $0.0000193 and $0.00002125 could signal a potential bullish comeback for SHIB.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#SHIB #ShibaInu #ShibArmy #PolyMarket #MtGox $SHIB $BTC $ETH

A well-known commodity trader believes that Bitcoin (BTC) is set to hit new highs in August 2025.
Peter Brandt, a famous commodity trader, recently announced that he has identified a short-term buying signal for Bitcoin.

Peter Brandt’s Bitcoin Buy Signal Amidst Largest Correction
Peter Brandt, a well-known commodity trader, recently pointed out a short-term buy signal for Bitcoin, which he refers to as a “foot shot” (Friday) pattern on his X social media account.

Source: X
Brandt also highlighted that the current market correction is the largest seen during the ongoing bullish cycle that began in December 2022.
Last Friday, Bitcoin’s price dropped to as low as $53,917, driven by the combined effects of substantial Mt. Gox repayments and significant government liquidations. This drop represents a 27% correction, notably larger than the 21.9% correction Bitcoin experienced in Q3 2023, when it fell from a local peak of $31,862 to $24,900.
Bitcoin’s Price Predictions: Brandt’s Long-Term Outlook
Adam Back, co-founder of Blockstream, recently downplayed the significance of Bitcoin’s recent price dip by comparing it to past bull cycles, which also experienced significant corrections.
Peter Brandt has previously predicted that Bitcoin could potentially reach as high as $150,000 during this bull cycle. This target aligns with forecasts from Fundstrat’s Tom Lee. However, Brandt believes that such a high price is more likely to be achieved by August 2025 rather than this year.

Currently, Bitcoin is trading at $57,478, with bulls having reclaimed some of the lost ground. Brandt’s outlook is based on historical patterns, suggesting that the market may peak in ugust 2025.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#SAB121 #PolyMarket #MtGox #Venezuela #CraigWright $BTC $ETH $SOL

Bitcoin (BTC) has struggled to stay above $55,000, leading to an 8% market correction in the last 24 hours. This drop has caused major tokens to fall below their key support levels. Following this trend, BRC-20 tokens have also seen significant losses.
Top BRC-20 tokens like ORDI and SATS have dropped 17.38% and 26.71% respectively over the past day. In this article, we explore the market sentiments and price analysis of Ordi (ORDI), Bitcoin SV (BSV), and 1000SATS (SATS) to assess their potential targets for July.

Ordi (ORDI) Faces Major Correction Amid Crypto Market Downturn
Ordi (ORDI) has seen a significant price correction of over 17% amid the current crypto market downturn. The altcoin’s 24-hour trading volume stands at $278.177 million, reflecting a notable increase of 92.42%. Year-to-date, ORDI has plunged by 64.60%, underscoring a persistent bearish trend.

ORDI/USDT: TradingView
The MACD indicator shows a rising red histogram, signaling increasing selling pressure and a bearish sentiment in the market. The technical averages support this outlook, suggesting that ORDI might continue to face downward pressure this week.
However, if ORDI can maintain its price above the critical support level of $28.25, it could regain bullish momentum and attempt to test the upper resistance level at $50.75. On the other hand, if bearish trends persist, ORDI may drop to test its low of $17.80.
1000SATS (SATS) Struggles with Severe Decline Amid Market Correction
Following the lead of the top BRC-20 token, 1000SATS (SATS), the second-largest BRC-20 token by market cap, has experienced a dramatic drop of over 27% in the past day and 62.82% in the past month. The token has plummeted by 84.76% this year, reflecting a strong bearish sentiment.

SATS/USDT: TradingView
The MACD indicator shows a flatline in its histogram, signaling weak price action for SATS. Additionally, the moving averages are displaying a neutral trend, indicating uncertainty about future price movements.
The SMA indicator is consistently acting as resistance on the SATS price chart in the 1D time frame, reinforcing the bearish sentiment surrounding the altcoin.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#ORDI #SATS #PolyMarket #MtGox #SAB121 $ORDI $1000SATS $BTC

Shiba Inu (SHIB) is currently experiencing a bearish trend, according to recent price action and technical indicators. Fibonacci levels suggest that SHIB prices may drop towards the lows observed in late February.
Despite a 38% bounce from these lows over the past two days, SHIB has struggled to break through the former support level of $0.0000178, which now serves as resistance. This resistance may lead to further price declines.
Additionally, although SHIB appears undervalued in the short term and has seen a recent price bounce, network growth has slowed. The key question is whether the bulls can drive prices higher in the near future.
Shiba Inus Bearish Price Action and Technical Indicators
The 1-day chart for Shiba Inu (SHIB) shows a firmly bearish trend. Following a breakdown from its trading range, SHIB has been consistently forming lower highs and lower lows. The Relative Strength Index (RSI) remains below the neutral 50 level, reinforcing the downtrend.

Source: SHIB/USDT on TradingView
The Directional Movement Index (DMI) indicates that the -DI and ADX have been above 20 since June 14th, signaling a strong downtrend. This trend has continued without significant changes.
Additionally, the 78.6% Fibonacci retracement level has been broken and is now acting as support. This suggests that a further downward movement to the 100% level, or potentially beyond, is likely for the meme coin.
Shiba Inu’s Distribution Trends and Selling Pressure
In the final week of May, Shiba Inu’s mean coin age began to trend downward, indicating increased distribution. This metric has yet to show an uptrend, reflecting ongoing steady selling and minimal accumulation across the network.

Source: Santiment
On July 6th, a spike in dormant circulation occurred as prices rebounded, which might signal upcoming selling pressure. Meanwhile, the number of daily active addresses has remained steady compared to the previous month.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#SHIB #ShibaInu #ShibArmy #MtGox #PolyMarket $SHIB $DOGE $WIF