• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Shiba Inu's Burn Rate Increase and Market Interest Rise

user avatar

by Giorgi Kostiuk

a year ago

Shiba Inu (SHIB) is demonstrating a significant rise in burn rate and trading activity, attracting investor attention.

Sharp Increase in Burn Rate

In the last 24 hours, Shiba Inu's burn rate surged by 1000%, reflecting efforts to reduce supply. The market capitalization is $11.95 billion, with a trading volume of $450.53 million, up 42.29% from the previous day.

SHIB's burn rate increased by 1000% in the last 24 hours.CITE_NA

Technical Indicators and Market Activity

Technical analysis shows the RSI indicator at 46.86, indicating neutral momentum but leaning towards the oversold zone. The Chaikin Money Flow value is at 0.16, suggesting increasing investor interest. The moving average crossover signal may indicate potential upward momentum.

Key Resistance and Support Levels

The primary resistance for SHIB lies at $0.00002100. Breaking this level could lead to testing the price at $0.00002250. The support level is at $0.00001950, and breaking it could push the price down to $0.00001880.

In conclusion, Shiba Inu continues to show growth and market interest despite mixed signals from technical indicators. Investors should closely monitor changes in moving averages and Chaikin Money Flow for clearer trends.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

SUI Group Increases Loan to Bluefin, Strengthening DeFi Ties

chest

SUI Group Holdings Limited has expanded its lending agreement with Bluefin, increasing the total loan to 6 million SUI to support Bluewater Labs' acquisition of Suilend.

user avatarLuis Flores

Sui Seal MPC Introduces Hidden Bids for Enhanced AI Trading Security

chest

Mysten Labs has introduced a feature in the Sui Seal MPC system that enables hidden bids for AI trading, enhancing security and reducing risks of frontrunning.

user avatarMaria Gutierrez

Mysten Labs Introduces Sui Seal MPC for Secure AI Transactions

chest

Mysten Labs has launched Sui Seal MPC on the Sui mainnet, enabling autonomous AI agents to execute onchain transactions securely without holding private keys.

user avatarArif Mukhtar

Chainlink Collaborates with Project Pangea to Revolutionize Cross-Border FX Settlements

chest

Chainlink partners with Project Pangea to enhance cross-border FX settlements, aiming to reduce settlement times from T2 to T0 using stablecoins by mid-2027.

user avatarDavid Robinson

SecondFi Suspends Services Due to Critical Wallet Flaw

chest

SecondFi has suspended its services due to a critical vulnerability in its wallet generation software that led to the theft of ADA.

user avatarAndrew Smith

Morgan Stanley's Proposed Solana Trust Filing Sparks Market Interest

chest

Morgan Stanley has amended its S1A filing for a proposed spot Solana Trust, focusing on fees and staking plans.

user avatarJacob Williams

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.