'Dogecoin Killer' Shiba Inu's Burn Rate Fires Up To 6,018%, 'Price Rebound' May Be Next Thanks To This Indicator
Portfolio Pulse from Khyathi Dalal
Shiba Inu's (SHIB) burn rate has surged by 6,018% in the last 24 hours, with significant whale transactions indicating potential bullish price action. Analysts predict a price rebound based on technical indicators.
June 25, 2024 | 11:35 am
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Shiba Inu's burn rate has increased by 6,018% in the last 24 hours, with significant whale transactions suggesting a potential price rebound. Analysts have flagged buy signals on SHIB's daily chart.
The massive increase in burn rate and significant whale transactions indicate strong market activity and potential bullish sentiment. Technical indicators also support a potential price rebound.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100