Shiba Inu could rebound as SHIB burn rate, Shibarium TVL rises
Portfolio Pulse from
Shiba Inu (SHIB) has experienced a 20% price pullback to $0.00001270 amid broader market fears, but shows potential positive indicators. The token's 24-hour burn rate increased by 30% to 2.01 million, with cumulative burns exceeding 410 trillion tokens. Shibarium's total value locked (TVL) rose 24% to $2.5 million in the last 30 days, suggesting underlying network growth.
March 30, 2025 | 4:45 pm
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POSITIVE IMPACT
Despite current market pullback, SHIB shows promising technical signals with a falling wedge pattern and maintained support level at $0.00001235. Potential bullish scenario if price breaks above $0.00001560.
Burn rate increase, Shibarium TVL growth, and technical chart pattern indicate potential short-term price recovery for SHIB.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100