Shiba Inu (Shib) drew significant attention to the cryptocurrency market and for a good reason. The cryptocurrency part, which once captured the heart of retail investors, has had a remarkable increase in its burning rate. The latest figure, an impressive increase of 4137.17% of the shib burning rate, attracted the eyes of market players, fueling speculation on the question of whether it could influence the trajectory of token prices. However, despite these optimistic efforts to reduce supply, Shib is confronted with several challenges, including a generally lower market feeling that could prevent the part from maintaining long -term prices.
The burning rate: a potential catalyst for the momentum of SHIB prices
At the time of writing this document, SHIB was negotiated at $ 0.0000,1471, reflecting an increase of 2.82% in the last 24 hours. The significant burning rate in the last 24 hours is a daring decision by trying to reduce the circulating offer of the token, which could in theory lead to an increase in prices due to a decrease in availability. The concept of “burn” is a deflationary strategy, where tokens are permanently traffic, reducing total supply and, if demand remains stable or increased, causing an increase in price.
However, although this burning rate can be considered as a short -term bullish signal, it is important to consider the situation as a whole. Despite the enthusiasm of the community around the burn, market forces and broader feeling remain influential to determine the long -term price management of SHIB.
Price price analysis: struggle to break the resistance
Looking at the Table of SHIB prices, the token has faced a constant decreased trend since its peak at the end of 2024. The price recently rebounded from a key accumulation area around $ 0.00001360, which suggests that there could be a reversal attempt. However, SHIB continues to deal with significant resistance near the level of $ 0.00001600. This resistance has proven to be difficult to break, and unless the price is erased from this barrier, any movement up could be short -lived.
The ability to overcome resistance to $ 0.00001,600 will be essential to the recovery of SHIB. If Shib cannot maintain an increase in the rise and exceed this level, the impact of the burning rate can be insufficient to reverse the overall downward trend.
Chain metrics paint a downward image
Despite positive burn efforts, measures on the chain of Shiba Inu are not as optimistic. The growth of the net network is low, standing at only + 0.27%. This indicates that there is a new adoption or a new minimum activity in the SHIB network. In addition, the “silver” metric is slightly negative at -0.57%, which highlights a lack of bullish enthusiasm among investors.
Another metric concerning is the decrease in significant transactions, which dropped by 7.86%. This suggests that there is a lack of interest from greater holders or institutional players, who have generally played a crucial role in price motivation.
Exchange and Netflow reserve indicators
In terms of exchange reserves, SHIB experienced a slight increase of 0.07%, which indicates that more tokens are maintained on the scholarships. Although this increase suggests more liquidity on the market, it also increases the risk of sale if major holders decide to liquidate their positions. On the other hand, the Netflow of Shib exchange decreased by 3.45%, which means that more tokens flow from the exchanges than the entrance. This trend generally suggests that investors hold their chips, potentially indicating a certain level of confidence in the long -term SHIB perspectives.
Market feeling and future perspectives
Despite the strong burning efforts, Shiba Inu continues to face challenges to overcome the feeling of the lower market. Chain signals, such as minimum growth in networks and low levels of significant transactions, suggest that there are limited purchase interests. This lack of enthusiasm could hinder Shib’s ability to maintain a coherent ascending trajectory.
Although the burning rate of 4137% is an encouraging sign for SHIB holders, it is not enough to overcome wider trends on the market. In order for SHIB to maintain growth, it must perceive critical resistance levels and maintain the demand for retail and institutional sales investors. The Directorate of the Prices of the token will finally depend on these factors, and only time will tell us if Shiba Inu can really reverse its downward trend.
In conclusion, although Shiba Inu’s efforts to burn the tokens and reduce the offer are commendable, it remains to be seen if these actions can have a significant impact on the price in the face of continuous lowering signals. Investors should remain cautious and pay particular attention to key price levels and market feelings in the coming weeks.
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