• 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

Ethereum Forms Inverse Head and Shoulders Pattern Indicating Potential Rally

chest

Ethereum is currently developing an inverse head and shoulders pattern, suggesting a potential price rally.

user avatarTando Nkube

Solayer Launches InfiniSVM Alpha Mainnet and $35 Million Ecosystem Fund

chest

Solayer has launched its alpha mainnet, InfiniSVM, along with a $35 million ecosystem fund to enhance its blockchain project.

user avatarAyman Ben Youssef

Market Analysts Predict Volatility for LAYER Token Following Fund Launch

chest

Market analysts predict short-term volatility for the LAYER token following Solayer's $35 million ecosystem fund launch.

user avatarKofi Adjeman

Stellar Lumens XLM Targets Key Resistance at 0.195 in Wave 3

chest

Stellar Lumens XLM is currently progressing through Wave 3, targeting a price of 0.195 as it approaches a key resistance level.

user avatarNguyen Van Long

Chainlink's Infrastructure Enhances Financial Data Security

chest

Chainlink employs multiple security measures to ensure data integrity and reliability in its new data streams.

user avatarSatoshi Nakamura

Stellar (XLM) Continues to Dominate Cross-Border Payments

chest

Stellar continues to be a key player in cross-border payments, facilitating low-cost, fast remittances and connecting banks and individuals globally as of January 2026.

user avatarJesper Sørensen

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.