Shiba Inu burned 13 million coins in 24 hours🔥🔥🔥

Tap the profile picture live, don't miss out on the bull market

Shiba Inu (SHIB/USD) continues to consolidate sideways, but the high burn rate has sparked optimism among traders, expecting a breakout soon.

Cryptocurrency data:

Shiba Inu: $0.00002801, market cap $1.65 billion, 24-hour trend -2.1%, 7-day trend -6.6%. Dogecoin: $0.4061, market cap $59.8 billion, 24-hour trend -1%, 7-day trend -5.3%. Pepe: $0.00002377, market cap $9.9 billion, 24-hour trend -2.4%, 7-day trend +12.4%.

The Shiba Inu chart shows a bullish trend about to emerge.

Technical analysis:

RSI typically ranges between 40 to 90, with 40-50 as the support zone. The 50-day SMA crosses above the 100-day and 200-day SMAs, indicating bullish momentum and buy signals.

Statistics:

Approximately 13.6 million SHIB coins were burned in the past 24 hours, with the burn rate increasing by 348.7%, suggesting a potential price increase in the short term. Large SHIB transaction volume has decreased by 26.7%, daily active addresses are down about 3%, but trading volume remains at around 4.5 million.

Community news:

Gemini has launched perpetual contracts priced in Gemini Dollars (GUSD), allowing users to swap SHIB for stablecoins, expanding the trading options for SHIB.

Tap the profile picture live, don't miss out on the bull market.