Here's why SHIB rallied 10% today
Portfolio Pulse from
Shiba Inu cryptocurrency experienced a significant 10% rally driven by three key catalysts: the upcoming Shib Finance DeFi platform, listing on BingX Futures, and a massive 8,100% increase in token burn rate. On-chain metrics show growing bullish sentiment, with daily active addresses rising over 20% and the token breaking out of a falling wedge pattern.
March 26, 2025 | 8:15 am
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POSITIVE IMPACT
Technical analysis suggests SHIB could target $0.00002485, representing a potential 65.7% increase. The token has broken above short-term moving averages and completed an inverse head-and-shoulders pattern.
Multiple positive factors including DeFi platform development, increased burn rate, and favorable technical chart patterns suggest strong short-term bullish potential for SHIB.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100