Shiba Inu (SHIB) has shown signs of potential recovery despite obstacles, the price oscillates about $ 0.00001534 at the time of the press. However, for a sustainable rally, Shiba Inu must take up an important challenge: the decrease in the number of transactions and its broader impact on demand. Although the price action indicates a certain support for crucial levels, concerns about the decrease in network activity could hinder its momentum.
Key levels and momentum
Shiba Inu recently experienced a liquidity sweep around the $ 0.00001250 area, marking a crucial support area. This price level previously absorbed a significant volume of commands, giving hope for a potential rebound. The convergence of the MacD indicator to the signal line also suggests a change of momentum, with an increased cross potentially signaling a movement towards higher resistance to 0.0000333333.
However, for a gathering to materialize, Shib must hold above this level of support. If the price decreases below the bar of 0.00001250, it could still test support levels, exacerbating sales and leading to a lower perspective. The way SHIB reacts to this crucial command block will determine the next price direction, either confirming the strength of the support, or by emphasizing a weakening of the request.
Disapction of the transaction: a major obstacle
One of the main challenges faced by Shiba Inu at the moment is the decline in the number of transactions. The daily shibarium transactions fell to 54.64k, coinciding with a drop in the price of Shib, indicating a reduced network activity. Lower transaction volumes often result in a decrease in the usefulness of tokens, which makes the assets less attractive for investors. This reduction in network engagement could also mitigate demand, moreover resulting in the price of SHIB.
The decline in the number of transactions reflects the interests of decreasing investors, which could exacerbate the short -term drop in prices. The lack of active use on shibarium could prevent Shib from capitalizing on its burning efforts, as fewer transactions limit its exposure and its usefulness on the market.
The burning rate: a mixed blessing
Despite these challenges, Shiba Inu has considerably increased her burning efforts. The burning rate jumped 588.25%, with more than 15 million shib chips burned in the last 24 hours. This aggressive burn strategy aims to reduce the supply in circulation, which could help stabilize the price, especially during periods of decline. By creating a rarity, the burning rate could increase the value of shib if it manages to arouse a renewal of interest.
However, although the increase in the burning rate can help in the short term, its long -term success depends on the sustained demand for Shib. If Shiba Inu does not take up the momentum on the transactions front and fight against the adoption of networks, these efforts cannot provide temporary alleviations to price pressure. Continuous burns without growth in the usefulness of Shiba Inu could lead to a prolonged lowering feeling, because the dynamics of the offer of the token remain biased towards an excess offer without corresponding demand.
Conclusion
Shiba Inu faces a critical moment. Although the price has found support for key levels and technical indicators suggest potential optimistic momentum, the number of downward transactions remains a major obstacle. If Shiba Inu can stimulate a renewed activity on shibarium and maintain its burning efforts, there is a chance for a rally. However, without a significant increase in demand or broader adoption, Shiba Inu efforts may not be sufficient to reverse the current downward trend. The coming weeks will be crucial to determine if Shib can overcome these challenges and embark on an upward trend.
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