Shiba

Token

Burn

Shiba Inu

<ul class="wp-block-list news-points">
 <li><strong>SHIB has surged 250% since December, driven by key technical patterns.</strong></li>
 <li><strong>Over 2 billion SHIB tokens burned in a single day, boosting scarcity.</strong></li>
 <li><strong>Bullish momentum builds as SHIB targets the next resistance level.</strong></li>
</ul>
<p>Shiba Inu (SHIB) has <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">surged 250%</a> since its December start, showing remarkable resilience, outperforming many other cryptocurrencies. Experts attribute this rise to technical chart patterns, community-driven initiatives, and token burns for the popular memecoin.</p>
<h2 class="wp-block-heading" id="h-shiba-inu-s-explosive-growth">Shiba Inu’s Explosive Growth</h2>
<p>After seven months of sideways price action, SHIB’s dramatic surge has captured global attention. A 1-day technical analysis of SHIB reveals an inverse Head and Shoulders (H&amp;S) pattern, leading to a significant price breakout.</p>
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcjAgFBJeockvcRApZ0S3pA5qe3K-lVIB5-KNv48Kv19Q_aKxMZoBS5GL1tR965xD3rS9cI9zCrtlhlvRzvvc8-N1YdfXi9JQJx_dlCv-w-R6BV9ZO30579UK2lk1jAtdtRbe1vuA?key=t7nJF-Hjo_xUS9YcnQLy4RUE" alt="" style="width: 100%;height:auto">
  <figcaption class="wp-element-caption"><strong>Source: CPR</strong>
  </figcaption>
 </figure>
</div>
<p>SHIB bounced off the EMA20 level and hit its initial H&amp;S target, paving the way for further growth. With bullish momentum building, market observers predict the next target at the second C&amp;H level.</p>
<p>Beyond technical factors, the Shiba Inu ecosystem’s success also hinges on the power of community initiatives and tokenomics strategies.</p>
<h2 class="wp-block-heading" id="h-shiba-inu-s-community-driven-momentum"><strong>Shiba Inu’s Community-Driven Momentum</strong></h2>
<p>A major factor contributing to this rally…</p>
<p>The post <a href="https://coinedition.com/shib-soars-250-how-token-burn-and-bullish-signals-play-in/" rel="noopener noreferrer nofollow">SHIB Soars 250%—How Token Burn and Bullish Signals Play In</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

SHIB Soars 250%—How Token Burn and Bullish Signals Play In

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