Shiba

Greed

bullish

Burn

Shiba Inu

<p>Shiba Inu (SHIB) is catching everyone’s attention again. Its price has climbed 2.9% in the last 24 hours, and it’s now up an impressive 142% since hitting its August lows. But the big news? SHIB just hit a major token burn milestone. With rising prices and bullish signals, many are wondering—can SHIB go even higher?</p>  
<h2 class="wp-block-heading" id="h-burn-rates-and-big-numbers">Burn Rates and Big Numbers</h2>  
<p>SHIB’s token burn is on fire, quite literally. Since 2021, more than 410 trillion SHIB tokens have been removed from circulation. Just this Tuesday, the burn rate jumped 940%, destroying 3.69 million SHIB in a single day.</p>  
<p>Why does this matter? Burning tokens reduces the supply. A smaller supply often increases demand, which can boost prices over time. Shiba Inu’s marketing lead, Lucie, thanked the community for helping. She highlighted contributions from Shibarium and ShibaSwap, which burned $1.5 million worth of SHIB last year alone.</p>   [post_titles_links postid="381481"]  
<h2 class="wp-block-heading" id="h-is-shib-about-to-break-out">Is SHIB About to Break Out?</h2>  
<p>There’s a lot of buzz around SHIB’s technical patterns. A cup and handle formation on the chart hints at a possible price breakout. Analysts say the next key level is $0.00002933. If SHIB can break past this, it could surge to $0.000045, which is a 76% gain from today’s price.</p>  
<figure class="wp-block-image aligncenter size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/19195738/shiba-inu-price-chart-1-1024x543.webp" alt="shiba inu price chart" class="wp-image-381996">
</figure>  
<p>But it’s not all smooth sailing. While the RSI sits at a healthy 62.41, signaling moderate bullish momentum, the MACD histogram is cooling off. SHIB needs to stay above its $0.000020 support level. A drop below this could ruin the bullish outlook.</p>  
<h2 class="wp-block-heading" id="h-what-s-next">What’s Next?</h2>  
<p>Investors seem optimistic. Over 61% of SHIB holders are in profit, and the Crypto Fear and Greed Index is at 83, showing extreme greed. Meme coins as a whole now have a market cap of $128 billion, which is bigger than companies like Lockheed Martin.</p>  
<figure class="wp-block-image aligncenter size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/19195753/in-out-of-money-1-1024x209.png" alt="" class="wp-image-381998">
</figure>  
<p>However, SHIB isn’t without challenges. Its trading volume is down 6.13%, and breaking resistance at $0.00002933 won’t be easy. Even so, with strong community support and burning milestones, SHIB could still surprise us.</p>

Shiba Inu Climbs 2.9%—Could a Breakout Be Coming?

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