- Sun Mar 30, 2025 1:10 pm
#23009
Shiba Inu Burn Rate and Shibarium TVL on the Rise Bullish or Bear Trap?
Shiba Inu has seen a price pullback recently, despite increased burn rate and rising Shibarium Total Value Locked (TVL). This raises some interesting questions about the token’s future. Is this a temporary dip before a significant rebound, or are we seeing a bear trap forming?
With conflicting signals, its crucial to consider both sides. The increased burn rate and rising TVL suggest growing interest and potential for scarcity-driven price appreciation. However, the broader market downturn and SHIB’s continued struggle below key moving averages paint a more cautious picture.
Where do you see SHIB going in the coming weeks? Is the falling wedge pattern on the daily chart a reliable indicator of an impending bounce, or are the prevailing market conditions too strong to overcome? Could the psychological support level at 0.00001235 hold, or will we see it tested and potentially broken?
Let’s discuss the potential catalysts for a Shiba Inu rebound and the factors that could hinder its growth. What role will the broader crypto market sentiment play in SHIB’s price action? Share your insights, predictions, and analysis of the current Shiba Inu situation.
Shiba Inu has seen a price pullback recently, despite increased burn rate and rising Shibarium Total Value Locked (TVL). This raises some interesting questions about the token’s future. Is this a temporary dip before a significant rebound, or are we seeing a bear trap forming?
With conflicting signals, its crucial to consider both sides. The increased burn rate and rising TVL suggest growing interest and potential for scarcity-driven price appreciation. However, the broader market downturn and SHIB’s continued struggle below key moving averages paint a more cautious picture.
Where do you see SHIB going in the coming weeks? Is the falling wedge pattern on the daily chart a reliable indicator of an impending bounce, or are the prevailing market conditions too strong to overcome? Could the psychological support level at 0.00001235 hold, or will we see it tested and potentially broken?
Let’s discuss the potential catalysts for a Shiba Inu rebound and the factors that could hinder its growth. What role will the broader crypto market sentiment play in SHIB’s price action? Share your insights, predictions, and analysis of the current Shiba Inu situation.
- By Anonymous