🚀 Shiba Inu Primed for Explosion: Burn Rate Skyrockets, Whales Go on Buying Spree

Shiba Inu isn’t just barking—it’s ready to bite. A surge in token burns and aggressive whale accumulation hints at a potential price eruption.

### The Burn Effect: Scarcity Play in Motion

Like a meme-powered deflationary engine, SHIB’s burn rate just hit hyperdrive. Fewer tokens in circulation? Check. Rising demand? Inevitable.

### Whale Watch: Big Money Bets on the Dog

Deep-pocketed traders are loading up on SHIB like it’s 2021 again. When whales move, retail usually follows—whether that ends in euphoria or tears is anyone’s guess.

### The Cynic’s Corner

Because nothing says 'sound investment' like a token that mooned because people photoshopped dogs onto rockets. (But hey, money’s money.)

Buckle up. This could get volatile.

Shiba Inu price technical analysis

The daily timeframe shows that the SHIB price bottomed at $0.000010, where it formed a double-bottom pattern. A double bottom is one of the most common and accurate bullish reversal patterns, and it is now approaching the neckline at $0.00001755. 

SHIB has also retested the 23.6% Fibonacci Retracement level and moved above the 50-day and 200-day moving averages. The spread between the two moving averages is narrowing, raising hopes that it will FORM a golden cross pattern. 

Furthermore, the Supertrend indicator has turned bullish, while top oscillators, such as the Relative Strength Index and the MACD, have all pointed upward. 

Therefore, the token will likely continue rising as bulls target the neckline at $0.00001755, followed by the 50% retracement point at $0.00002180. A drop below the support at $0.00001453 will invalidate the bullish view.