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Gushiken Yona

Shiba Inu Burn Rate Jumps 249% as Liquidity and Key EMAs Shape Next SHIB Price Move

Shiba Inu recorded a 249.37% surge in its burn rate alongside a 74% rise in trading volume to about $175 million on Wednesday, while price held above the 50-day EMA at $0.00000838. SHIB traded near $0.00000872 with a market cap of $5.13 billion, as analysts viewed the combination of strong liquidity and stable price as an accumulation phase ahead of a potential challenge of the $0.00000924 resistance. Technical indicators such as RSI near 47.88 and a stabilizing MACD are being watched for signs of either a breakout toward the 200-day EMA at $0.00001049 or a breakdown if support at $0.00000838 and $0.00000755 fails.
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SHIB
SHIB-0.45%
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