DKryptoBoss

📊 SHIB Burn Rate Spikes 1,661% — Reversal in Play?

$SHIB is trading at $0.0000128 after a 3.8% daily gain, with the burn rate jumping 1,661% and over 1.24M tokens destroyed in a day. Open interest is climbing ($179M), and short liquidations hit $115K — all signs of growing bullish pressure. RSI is above 67, and SHIB has moved above its 20-day EMA, hinting at potential upside.

Key levels to watch:

Support: $0.000012 → $0.0000115 if buyers lose grip

Resistance: $0.0000135 → $0.000014 → $0.000015 on breakout

For me, holding $0.000012 is key — lose that, and the $0.00001–$0.000013 range stays in play. But if bulls flip the EMA200, this might turn into a proper trend reversal.

#SHIB #Altcoin Season# #CMC Quest: Earn Rewards#