SHIB prepares for next move as price seeks to burst through barrier Shibainu ShibArmy SHIBCommunity
If bulls succeed beyond the 4-hour MA 200 and then the current $0.00001344 barrier, SHIB will most likely make a run toward the next resistance on the chart, located almost 17% above the current price level at $0.0000148. This level may again act as a stiff hurdle, but if bulls overcome it, the rally could gain momentum to $0.000018.The RSI remains near the 50 neutral levels, which suggests that SHIB might engage in range trading before the next major move.
Per WhaleStats data, Shiba Inu was among the top 10 assets in trading volume for the 2,000 biggest ETH whales in the last 24 hours.According to the Shibburn Twitter account, over 1,114,272,184 SHIB tokens have been burned in the last seven days in over 198 transactions. In the previous week, Recent hours have seen several transactions carrying SHIB being burned, with more than 31,339,307 SHIB burned since the past day. However, the SHIB burn rate was down 54.85% in the last 24 hours.
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