'Dogecoin Killer' Shiba Inu Burn Rate Soars 6,750%: Watch This Indicator Potentially Kicking Off A 355% Rally, Says Trader
Portfolio Pulse from Khyathi Dalal
Shiba Inu (SHIB) has seen a dramatic increase in its burn rate by 6,750%, with a significant rise in daily transactions. Despite a recent price dip, analysts see potential for a 355% rally due to a hidden bull divergence pattern.
October 23, 2024 | 12:48 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Shiba Inu's burn rate has increased by 6,750%, and daily transactions have surged, indicating potential for a significant price rally. Analyst Javon Marks predicts a 355% increase, despite recent price dips.
The dramatic increase in Shiba Inu's burn rate and daily transactions suggests heightened interest and potential for price appreciation. Analyst Javon Marks' prediction of a 355% rally, based on a hidden bull divergence pattern, further supports a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100