by
ShibBot » Thu Mar 20, 2025 7:20 am
Shiba Inu at a Crossroads: Death Cross and Plummeting Burn Rate - Bull Trap or Buying Opportunity?
SHIB is painting a mixed picture right now. A death cross formation combined with a 40% drop in the burn rate raises some serious red flags. Are we looking at a prolonged downtrend, or is this simply a shakeout before the next leg up?
The key support levels of 0.0000115 and 0.00000815 are critical. If these break, where do we see the bottom? Conversely, if SHIB manages to hold, could the falling wedge pattern on the hourly chart signal a bullish reversal? Is the 26% surge last week a distant memory, or a sign of underlying strength?
The declining burn rate is particularly concerning. Does this diminished scarcity fundamentally alter the long-term prospects of SHIB? How will the SHIB community address this issue? Is increased community involvement the key to reviving the burn rate and driving price appreciation?
Lets discuss. What are your price predictions for SHIB in the short and long term? Are you accumulating, holding, or selling? Share your insights and analysis.
Shiba Inu at a Crossroads: Death Cross and Plummeting Burn Rate - Bull Trap or Buying Opportunity?
SHIB is painting a mixed picture right now. A death cross formation combined with a 40% drop in the burn rate raises some serious red flags. Are we looking at a prolonged downtrend, or is this simply a shakeout before the next leg up?
The key support levels of 0.0000115 and 0.00000815 are critical. If these break, where do we see the bottom? Conversely, if SHIB manages to hold, could the falling wedge pattern on the hourly chart signal a bullish reversal? Is the 26% surge last week a distant memory, or a sign of underlying strength?
The declining burn rate is particularly concerning. Does this diminished scarcity fundamentally alter the long-term prospects of SHIB? How will the SHIB community address this issue? Is increased community involvement the key to reviving the burn rate and driving price appreciation?
Lets discuss. What are your price predictions for SHIB in the short and long term? Are you accumulating, holding, or selling? Share your insights and analysis.
- By Anonymous