Shiba

Burn

Shiba Inu

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/shiba-inu-faces-price-decline-after-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shiba Inu Faces Price Decline After Surge</a><br></p>
<p style="text-align: justify">Shiba Inu has recently encountered a price drop after hitting a high of $0.000034. The decline in both the burn rate and the number of active addresses over the past week suggests a decrease in market confidence. Consequently, the SHIB price has fallen by 2% today and 13% throughout the week, raising concerns about a possible decline towards the $0.000024 support level.</p>
<h2 id="what-caused-the-drop-in-burn-rate">What Caused the Drop in Burn Rate?</h2>
<p style="text-align: justify">Recent reports reveal that Shiba Inu’s burn rate plummeted by more than 100% within the past week. However, a significant rebound occurred in the last 24 hours, with an increase of nearly 425% attributed to a Shiba Inu wallet transferring 70,605,175 tokens to a burn address.</p>
<h2 id="how-is-the-market-responding-to-shib-s-weakness">How is the Market Responding to SHIB’s Weakness?</h2>
<p style="text-align: justify">Currently, the SHIB price stands at $0.00002755 after a more than 2% drop in the last day, accompanied by a 13% decline in trading volume, indicating waning investor interest. Technical analysis also highlights weakness across various indicators, including the Ichimoku cloud and RSI.</p>
<ul>
 <li>Burn rate has fluctuated significantly, impacting market perceptions.</li>
 <li>The SHIB price shows vulnerability, with trading volume decreasing.</li>
 <li>Support level at $0.000024 is critical for price stabilization.</li>
 <li>Growing community interest in new <a href="https://en.bitcoinhaber.net/investor-secures-major-profit-from-meme-coin" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a> launches may affect market dynamics.</li>
</ul>
<p style="text-align: justify">The ongoing market trends and activities within the Shiba Inu community are pivotal in shaping the cryptocurrency’s short-term price trajectory. Close observation of these developments will be crucial for understanding SHIB’s future performance.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/shiba-inu-faces-price-decline-after-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shiba Inu Faces Price Decline After Surge</a></h5>

Shiba Inu Faces Price Decline After Surge

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