'Dogecoin Killer' Shiba Inu Incinerates 277M Coins In 1 Transaction: Watch These Levels For A Bullish Rally
Portfolio Pulse from Khyathi Dalal
Shiba Inu (SHIB) has seen a significant increase in its burn rate, leading to speculation of a potential price rally. The burn rate has increased by over 14,575%, and SHIB's price has risen by 2.6% in the past 24 hours. Key resistance levels have been identified, and if surpassed, SHIB could see a 49% increase. Despite a decrease in large transaction volume, daily active addresses have risen, indicating strong interest in SHIB as a long-term investment.
October 14, 2024 | 1:16 pm
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Shiba Inu's burn rate has increased dramatically, leading to a 2.6% price rise. Key resistance levels could lead to a 49% price increase if surpassed. Despite a drop in large transactions, daily active addresses are up, showing strong interest.
The significant increase in burn rate suggests a reduction in supply, which can lead to a price increase. The rise in daily active addresses indicates growing interest, supporting a potential rally. Key resistance levels, if surpassed, could lead to a substantial price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100