đ„ $SHIB Update: Burn Surge & Accumulation Signals đ„
$SHIB is making waves today â over 689,128 SHIB burned in the past 24 hours, driving the 7-day burn rate up a massive 915 %.
At the same time, exchange reserves of SHIB have dropped to their lowest levels since 2023, signaling strong accumulation.
đ Price is holding above important support. If SHIB breaks above resistance near $0.0000130, it could target the July highs near $0.0000160.
Thoughts:
â Supply dynamics are tightening â fewer tokens on exchanges = reduced sell pressure
â ïž Watch for volume confirmation to confirm a breakout
đ Keep an eye on broader market sentiment â SHIB often moves in tandem with BTC