Shiba Inu Price Prediction: SHIB Spikes 1.7% 📈

Exploring Shiba Inu: Price Speculation and Token Burns 🐕

As a crypto enthusiast, you’re likely intrigued by the recent buzz surrounding Shiba Inu. Let’s delve into the token’s trading price, future speculation, and the significant surge in token burns. Here’s what you need to know about the current state of Shiba Inu:

Shiba Inu Sees 338% Surge in Token Burns: Millions of SHIB Vanish

Shiba Inu has witnessed a remarkable 338% surge in its token burn rate over the past week. This surge resulted in the permanent removal of a whopping 200,591,910 SHIB tokens from circulation. Here are the key details:

Burn Rate Increase: The burn rate surged by 338.77% in the past week.
SHIB Tokens Burned: A total of 200,591,910 tokens were permanently removed.
Purpose: The burning activity aims to decrease the token supply and potentially enhance its value.

Shiba Inu Price Prediction

When it comes to predicting Shiba Inu’s price movements, there are key levels and indicators to consider:

Key Pivot Point: Shiba Inu’s key pivot point is at $0.000024.
Resistance Levels: Immediate resistance levels are at $0.000025, followed by hurdles at $0.000026 and $0.000028.
Support Levels: Current support levels include $0.000022, $0.000021, and $0.000018.
Technical Indicators: The Relative Strength Index (RSI) stands at 41, indicating a slight bearish bias. The 50-day Exponential Moving Average (EMA) at $0.000023 also suggests a bearish sentiment.

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