Shiba Inu Price Prediction: SHIB Burn Rate Rose around 700%

Shiba Inu Price Prediction suggests that the token is trying to return from the lower trendline of the descending triangle pattern.
SHIB crypto is trying to sustain at 20 EMA but still below 50, 100 and 200-days Daily Moving Average.
The pair of SHIB/BTC is at 0.000000000508 BTC with an intraday gain of 3.40%.

Shiba Inu price prediction suggests the token’s recovery phase towards the upper trendline of the descending triangle pattern over the daily chart. SHIB crypto must maintain the uptrned momentum to recover over the daily price chart. SHIB bulls need to come forward for the token’s recovery towards $1.00. On the other hand, SHIB burn is trending all around and that is the only way for SHIB crypto to surge and claim its success throughout the cryptocurrency market.

SHIB Burn Rate Rose around 700%

The burn rate of SHIB token’s have rose by 697.76% with a total of 410,383,231,005,485 , total number of SHIB memecoins have been sent to the unsuspendable wallets. We have discueesed earlier that if SHIB cryptocurrency need to approach $1.00. The only way to success is to burn SHIB token’s to create a change.

Moving on to Technical Analysis of Shiba Inu Price:

Shiba Inu price prediction showcases that the token is trying to recover towards the upper trendline of the descending triangle pattern over the daily price chart. Meanwhile, volume change can be seen above average and shows the accumulation rate of buyers during the intraday trading session.

Shiba Inu price is currently approximated at $0.00000853 and has gained 4.11% of its market capitalization in the last 24-hour period. Trading volume has increased by 74% during the intraday trading session. This demonstrates that buyers are trying to push the token and now is high time to stake SHIB crypto. Volume to market cap ratio is 0.05361.

Shiba Inu Price ‘Keeping the Pace’

Technical indicators suggest that SHIB crypto is returning from being oversold territory. Relative Strength Index showcases that the token is trying to surge towards neutrality back from oversold territory. MACD exhibits the uptrend momentum of SHIB crypto. The MACD line is nearing the signal line for a positive crossover. SHIB army awaits for the burst of the shiba Inu price over the daily chart.

Conclusion

Shiba Inu price prediction suggests the token’s recovery phase towards the upper trendline of the descending triangle pattern over the dailyuy chart. SHIB crypto must maintain the uptrned momentum to recover over the daily price chart. The burn rate of SHIB token’s have rose by 697.76% with a total of 410,383,231,005,485 , total number of SHIB memecoins have been sent to the unsuspendable wallets. Meanwhile, volume change can be seen above average and shows the accumulation rate of buyers during the intraday trading session.

Technical indicators suggest that SHIB crypto is returning from being oversold territory.

Technical Levels

Support Levels: $0.0000080 and $0.0000070

Resistance Levels: $0.00001050 and $0.00001320

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.