Shiba Inu Price Alert: Daily Burn Rate Crashes as Whales Dump Holdings

Shiba Inu faces mounting pressure as two critical metrics flash warning signs across crypto exchanges.

Burn Rate Plummets

The token's daily burn rate has collapsed to concerning levels - exactly when SHIB needs maximum deflationary pressure to counter selling momentum. Fewer coins being removed from circulation means more supply hitting the market.

Whale Exodus Accelerates

Large holders are cashing out positions, creating overhead resistance that's stifling any potential rebound. When the big players head for exits, retail investors typically get left holding the bag - classic crypto casino behavior.

Technical support levels are being tested as selling volume overwhelms buy-side interest. Without a sudden reversal in either burn rate or whale accumulation patterns, SHIB could be in for another leg down.

Remember when 'tokenomics' was supposed to prevent this exact scenario? Another day, another meme coin reality check.

Shiba Inu price technical analysis 

The SHIB token has pulled back in the past few months, moving from a high of $0.00001765 in May to $0.000010 today. It remains below the important resistance level at $0.00001163, the lower side of the descending triangle pattern. 

The coin has moved below the 50-day and 100-day Exponential Moving Averages. Also, while the coin has risen in the last three days, the two lines of the true strength index remains below the zero line. 

The TSI indicator is used to measure the strength of a trend by using two EMAs. Similarly, the trend strength indicator has continued falling. 

Therefore, the token will likely resume the downtrend and possibly retest the year-to-date low of $0.00000695.