So, Shiba Inu (SHIB) decided to have a glow-up, and by glow-up, I mean its price shot up 15% in 24 hours. 🚀 Trading at $0.00001548 (yes, that’s a lot of zeros), this meme coin is flexing harder than a gym bro on Instagram. The reason? An anonymous wallet burned tokens, spiking the burn rate by a casual 8,000%. No big deal. Oh, and trading volume? Up 114%. Because why not?
According to CoinGlass, SHIB futures open interest is also up 30%, hitting $166.74 million. Traders are clearly betting on this dog-themed coin like it’s the next GameStop. 🐕💎
Meanwhile, Shibarium’s total block count has crossed 10 million, proving that people love a good blockchain almost as much as they love memes. Analysts are whispering that SHIB is following its 2021 trajectory, which basically means it’s either about to moon or crash spectacularly. Fun times!
SHIB’s chart is forming a cup-and-handle pattern, which sounds like something you’d find in a fancy tea shop. The “cup” completed in March 2024, and now we’re just waiting for the “handle” to finish. Traders are optimistic, but let’s be real, they’re always optimistic until they’re not. 🤷♀️
The burn rate spike has everyone buzzing, with some predicting a 200% rally. That would push SHIB’s market cap to $27 billion, which is more money than I’ll ever see in my life. Lucie, Shiba Inu’s marketing lead, is still dreaming of $0.01 per SHIB, but she admits it’ll take time. So, patience, my friends. Or just buy more memes. 🐶💸
On the daily chart, the RSI is at 64, which means SHIB is almost overbought. Translation: it might dip soon, but if it doesn’t, the bulls will keep running. The price has already surpassed the upper Bollinger Band, so volatility is the name of the game. The MACD line is trending above the signal line, which is a fancy way of saying “bullish.” A breakout above $0.0000185 could mean more gains, but watch out for any MACD divergence. It’s like a breakup—it’s never a good sign. 💔
And just when you thought it couldn’t get wilder, Lucie floated the idea of a Shiba Inu ETF. Because why not? Meanwhile, ETF analyst James Seyffart thinks there’s a 75% chance Dogecoin (DOGE) will get an ETF first. The rivalry between these meme coins is more intense than my love for coffee. ☕🐕
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2025-03-26 21:25