🚀 SHIB Skyrockets10%! Here’s the Scoop 📈

by

So, SHIB decided to wake up from its nap and break free from a weeks-long slump. Why, you ask? Well, it’s burning tokens like there’s no tomorrow and people are buzzing about some shiny new toys in its ecosystem. 🐶💥

Today, Shiba Inu (SHIB) jumped by10%, hitting $0.00001485. With a hefty $8.6 billion market cap, it’s strutting past big shots like Sui (SUI) and Hedera (HBAR), landing at the19th spot in the crypto popularity contest. 🏆

Let’s talk about the magic trio behind SHIB’s rise:

First up, Shib Finance is the latest buzzword – a DeFi makeover promising reputation-based loans and borrowing without the usual collateral headache. It’s like TradFi and DeFi had a baby, and it’s got all these fancy features like Karma Engine and Shib Attestation. 🎩✨

Next, SHIB got itself a spot on BingX Futures. Now, over10 million users can play around with SHIB, leverage and all. It’s like inviting everyone to a party where the stakes are higher. 🎉💰

And lastly, the burn rate! On March23, SHIB went bonkers, torching over1 billion tokens in a day. Since the beginning, they’ve torched a whopping410.74 trillion tokens. That’s a lot of zeros. 🔥🔢

Oh, and let’s not forget the on-chain metrics showing SHIB is getting more love than ever. Addresses are buzzing, and even Trump is talking meme coins, which somehow boosted SHIB’s social cred. 📈🗣️

On to the price analysis:

SHIB broke out of a falling wedge pattern, which is basically crypto-speak for “things are looking up.” This breakout could mean SHIB’s gearing up for a rally. It’s like turning the corner and seeing a buffet after a long fast. 📊🚀

In the short term, SHIB’s eyeing a20% jump, thanks to breaking some resistance and forming a pattern that looks like an upside-down head and shoulders. It’s like SHIB’s saying, “Watch me now!” 🎯💪

If $SHIB can break through the resistance in the next move, it will confirm a bottoming pattern (H&S) 📈

This could lead to at least a20% price increase!

— Satori 🎴 💀 (@Satori_BTC) March25,2025

SHIB’s price is above the25 and50-day moving averages, which is a fancy way of saying, “Hey, we might be reversing that February slump.” 🔄📉

It hit a low at $0.0000123, and now that’s the new floor. SHIB’s aiming for the75-day EMA, which is crypto jargon for “expect more gains.” 🎯📈

The Money Flow Index is climbing, but it’s not in the “overbought” zone yet. Basically, buyers are pushing harder than sellers, and that’s good news for SHIB. 📊💸

Derivatives data is singing the same tune. Open interest shot up by26% to $160 million, meaning people are betting big on SHIB’s future. And with a positive funding rate, the mood is bullish. 📈🤑

So, what’s next? SHIB might be eyeing $0.00002485, a cool65.7% above where it’s sitting now. That’s the dream, folks. 🌟🚀

Read More

2025-03-26 11:15