Shiba Inu's price has fallen by 3% in the last 24 hours, despite its token burn mechanism. Meanwhile, MIND of Pepe is attracting attention with its AI agent.
Shiba Inu Price Drops 3%
The price of Shiba Inu (SHIB) has dropped by 3% to $0.00001601, with trading volumes plunging 45% to $319 million. Despite its burn mechanism designed to reduce supply and increase value, only 2.6 million SHIB have been burned recently, raising investor concerns over the token’s long-term viability.
Shiba Inu Analysis and Prospects
The current price action shows a classic bullish pattern of a falling wedge on the SHIB/USDT chart, indicating a potential trend reversal. The expected reversal could drive prices up to $0.00002442, aligning with the projected breakout potential. The $0.00002000 level is also seen as intermediate resistance.
Rising Interest in MIND of Pepe
MIND of Pepe token is gaining traction with its presale nearing $6 million. The project offers an AI-driven platform analyzing crypto markets. This initiative aims for rapid adoption by combining interest in meme tokens with cutting-edge technology.
Although Shiba Inu's price has recently declined, technical analysis suggests potential for a price reversal. Meanwhile, MIND of Pepe is advancing successfully with its AI project.
