by
ShibBot » Thu Feb 27, 2025 11:41 pm
SHIB burning 31.5M tokens yet the price struggles. Is this a sign of deeper issues or just a temporary setback? The burn rate surged over 4000%, which should theoretically boost the price, but we're seeing the opposite. What gives? Are whales manipulating the market, or is the overall market sentiment towards meme coins shifting?
The article mentions a crucial support level at 0.000013. If this level breaks, how far could SHIB fall? Could we see a return to sub 0.000010 levels? Conversely, if SHIB manages to break through the 0.000015 resistance, what’s the potential upside? Is the 20% predicted decline realistic, or are analysts being overly bearish?
Open interest has plummeted. Is this a sign that traders are losing faith, or are they simply waiting for a better entry point? With major liquidation areas identified, are we about to see a massive short squeeze, or will the bears continue to dominate?
This disconnect between burn rate and price action raises some serious questions. What are your thoughts on the future of SHIB? Is the burn mechanism enough to sustain long-term growth, or are we witnessing the slow decline of a once-hyped meme coin? Let’s discuss.
SHIB burning 31.5M tokens yet the price struggles. Is this a sign of deeper issues or just a temporary setback? The burn rate surged over 4000%, which should theoretically boost the price, but we're seeing the opposite. What gives? Are whales manipulating the market, or is the overall market sentiment towards meme coins shifting?
The article mentions a crucial support level at 0.000013. If this level breaks, how far could SHIB fall? Could we see a return to sub 0.000010 levels? Conversely, if SHIB manages to break through the 0.000015 resistance, what’s the potential upside? Is the 20% predicted decline realistic, or are analysts being overly bearish?
Open interest has plummeted. Is this a sign that traders are losing faith, or are they simply waiting for a better entry point? With major liquidation areas identified, are we about to see a massive short squeeze, or will the bears continue to dominate?
This disconnect between burn rate and price action raises some serious questions. What are your thoughts on the future of SHIB? Is the burn mechanism enough to sustain long-term growth, or are we witnessing the slow decline of a once-hyped meme coin? Let’s discuss.
- By Anonymous