DeFi & NFT
By Pankaj K
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Shiba Inu has captured attention across the cryptocurrency market after recording a significant spike in its burn rate.
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Token burns are used as a deflationary strategy in cryptocurrency. By reducing the available supply, the goal is to increase scarcity, which can potentially lead to price…
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Although SHIB’s price dropped slightly in the last 24 hours, market analysts suggest this dip could be a short-term pause rather than a sign of weakness.
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If the price manages to move above the upper resistance boundary of the channel, it may confirm a breakout and begin a new upward trend.
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One important on-chain signal backing a possible move higher is the sudden shift in exchange activity.
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This trend suggests growing confidence among holders and a lower likelihood of immediate selling.
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Another factor contributing to potential upward pressure is a sharp decline in volatility. SHIB’s current volatility is at 64.55 percent, the lowest level in the past 30 days.
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Additionally, the SHIB/USDT liquidation heatmap from CoinGlass reveals a dense cluster of short positions between $0.0000132 and $0.0000140.
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All of these factors—an aggressive burn rate, large-scale accumulation, low volatility, and key technical positioning—are aligning to create what some analysts see as a…
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However, if the price fails to break through the upper boundary of the current pattern, the token may remain in a period of sideways consolidation.
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With supply tightening and technical conditions in place, the coming days will be crucial in determining whether this move marks the beginning of a broader recovery in Shiba…
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