Shiba Inu burn rate soars by staggering 1,344%, stoking optimism for SHIB price
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With SHIB's price cooling off in recent weeks, investors are closely monitoring the market for signs of a potential breakout or significant price movement.The broader cryptocurrency market saw renewed bullish momentum over the weekend, with Bitcoin and other major cryptocurrencies recovering to reclaim key resistance levels. SHIB was not left out, rallying for three days in a row beginning April 6 before succumbing to profit-taking.
At the time of writing, SHIB was down 1.83% in the last 24 hours to $0.00002827. On the upside, Shiba Inu's next resistance lies between $0.000031 and $0.000036, where 20.96 trillion SHIB were bought by 137,600 addresses at an average price of $0.000033. On the other hand, if the price of SHIB falls further, the next support level is between $0.000025 and $0.00027, where 33.39 trillion SHIB were bought by 46,930 addresses at an average price of $0.000026.provided a little update from the Shiba Eternity team. As previously reported, the SHIB CCG game Shiba Eternity has received a much-anticipated update, causing excitement throughout the community.project is up and running, having been improved with new updates.
Lucie adds that the community can expect some exciting updates to kibbles and Shiboshis, as well as new cards and a breeding system for Shiboshis, while noting that things are moving quickly with the Shiba Eternity play-to-earn version now closer than ever.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
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