📈 Strong Start to 2025
Shiba Inu ( $SHIB ) began the year with a 10% surge in the last 24 hours, breaking out of a consolidation phase. Currently trading at $0.00002292, SHIB benefits from positive market momentum and rising investor interest.
💼 Shibarium Adoption Boosts Utility
The adoption of Shibarium Layer 2 continues to grow, improving transaction efficiency and scalability. This enhanced utility is attracting more users and solidifying SHIB's place in the broader crypto ecosystem.
🔥 SHIB Burn Rate Surges 105%
The SHIB community reported a 105% surge in token burns, effectively removing over 584 trillion tokens from circulation. This aggressive burn strategy reduces supply, creating upward pressure on SHIB's price.
📊 Key Resistance and Support Levels
SHIB faces a critical resistance level at $0.000025. A successful breakout above this point could trigger further gains. However, failure to hold support at $0.00002 may result in a price pullback.
⚙️ Market Sentiment and External Catalysts
The broader market rally, fueled by Bitcoin surpassing $96K, is providing strong support for SHIB. Additionally, the upcoming Donald Trump inauguration and positive sentiments around crypto adoption add momentum.
📉 Technical Indicators Show Strength
The RSI remains above 60, signaling bullish strength and nearing overbought territory. Increased trading volume further reinforces strong buyer interest in SHIB.
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