Shiba Inu Price Eyes 142% Rally as Burn Rate Surges 201,207%
The post Shiba Inu Price Eyes 142% Rally as Burn Rate Surges 201,207% appeared on BitcoinEthereumNews.com. Shiba Inu price has moved within a narrow range while traders anticipate a possible breakout. At press time, SHIB is trading near $0.00001235, holding just above its support. Recent increases in the burn rate have added a subtle layer of interest to market sentiment. Despite the volatility of recent months, SHIB continues to attract attention as it hovers at a pivotal level. Shiba Inu Price Action Builds Pressure As Triangle Pattern Nears Its Defining Moment The current chart reveals SHIB consolidating within a symmetrical triangle pattern, narrowing toward a possible breakout. Price has tested the key resistance zone around $0.00001400 multiple times, showing resilience yet failing to push through. On the downside, the support near $0.00001100 has consistently cushioned declines. This triangular compression suggests that volatility could spike sharply once price exits the structure. With meme coins still commanding strong speculative interest, SHIB’s positioning inside this range becomes more important. The Shiba Inu price therefore reflects a tug-of-war that is nearing resolution. Looking deeper into market positioning, the measured breakout target from this structure points toward $0.00003000, implying a potential 142% rally. SHIB has also shown repetitive attempts to form higher lows, which hints at gradual strengthening pressure. Moreover, the chart highlights visible liquidity clusters that align with possible bullish triggers once barriers clear. This aligns with broader activity across top meme coins, where rallies often extend further than anticipated. Therefore, if buyers maintain their stance, SHIB could steadily climb in the coming months. Such a scenario strengthens the long-term SHIB price outlook considerably. SHIB/USDT 1-Day Chart (Source: TradingView) Explosive 201,207% Burn Rate Surge Fuels Expectations Of A SHIB Price Rally One of the most striking catalysts comes from SHIB’s burn rate, which skyrocketed by over 201,000% in just 24 hours, as revealed by Shibburn. More than 4.5 million tokens…
The post Shiba Inu Price Eyes 142% Rally as Burn Rate Surges 201,207% appeared on BitcoinEthereumNews.com.
Shiba Inu price has moved within a narrow range while traders anticipate a possible breakout. At press time, SHIB is trading near $0.00001235, holding just above its support. Recent increases in the burn rate have added a subtle layer of interest to market sentiment. Despite the volatility of recent months, SHIB continues to attract attention as it hovers at a pivotal level. Shiba Inu Price Action Builds Pressure As Triangle Pattern Nears Its Defining Moment The current chart reveals SHIB consolidating within a symmetrical triangle pattern, narrowing toward a possible breakout. Price has tested the key resistance zone around $0.00001400 multiple times, showing resilience yet failing to push through. On the downside, the support near $0.00001100 has consistently cushioned declines. This triangular compression suggests that volatility could spike sharply once price exits the structure. With meme coins still commanding strong speculative interest, SHIB’s positioning inside this range becomes more important. The Shiba Inu price therefore reflects a tug-of-war that is nearing resolution. Looking deeper into market positioning, the measured breakout target from this structure points toward $0.00003000, implying a potential 142% rally. SHIB has also shown repetitive attempts to form higher lows, which hints at gradual strengthening pressure. Moreover, the chart highlights visible liquidity clusters that align with possible bullish triggers once barriers clear. This aligns with broader activity across top meme coins, where rallies often extend further than anticipated. Therefore, if buyers maintain their stance, SHIB could steadily climb in the coming months. Such a scenario strengthens the long-term SHIB price outlook considerably. SHIB/USDT 1-Day Chart (Source: TradingView) Explosive 201,207% Burn Rate Surge Fuels Expectations Of A SHIB Price Rally One of the most striking catalysts comes from SHIB’s burn rate, which skyrocketed by over 201,000% in just 24 hours, as revealed by Shibburn. More than 4.5 million tokens…
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