Shiba Inu burns 16 million symbols amid the recovery of the encryption market

• Shayb burned more than 16 million in 24 hours, with 580.28 % in the burning rate.
• Regardless of the height of the burning, the price of the Sheba Ein has decreased by 25 % over the past 60 days.
• The weekly Sheba Eno burning rate decreased by 57.86 %, reflecting a contradiction in the plan.

Shiba Inu (SHIB) has resumed its burning with more than 16 million icons eliminated from the show in 24 hours. according to ShippourneThis is an increase of 580.28 % in the burning rate, pointing to the intense efforts of suppressing the supply and improving the morale of investors in the long run.

The sudden rise follows the return of the global market, as the maximum Crypto Global market jumps by 4.27 % with a 5.89 % Shiba Inu value. Official data indicates that 16,607,692 Shib has been burned recently, which represents an increase of 590.19 % of previous records. The strategic combustion plan includes the elimination of the distinctive symbols in order to burn it in the dead governor with the aim of reducing the prevalence of the prevalence of about 584 trillion.

Prices decreased by 25 % in the past 60 days

Despite the high sudden burning and high prices, Sheba Ino is still a technical restriction. Over the past 60 days, the value of the distinctive symbol has decreased by 25 %, now hovering about $ 0.000012. Continuous recovery efforts have collapsed amid more uncertainty, and restraint should be practiced when predicting continuous upward expectations.

Over the past few months, Sheba Eno has failed to establish a strong upward trend. After a crowd to $ 0.000034 last December, Shayba Eno has struggled to restore the bullish momentum since January 20, despite the broader market morale. Currently, the Shiba Inu price is still trapped in a hanging channel, reflecting the bear’s structure.

The weekly Shiba Inu burning rate shows a significant decrease

While the daily burning rate increased, the weekly burning rate of Shayb decreased. 79.1 million Shaib was burned last week, a decrease of 57.86 %. This decrease is wondering whether the burning plan has hit a plateau and also if this step helped turn feelings. Speculation refers to the Shib team that intensifies the burning again in an attempt to instill confidence.

While SHIB has seen the last rise, the trading volume is still low and decreased by 21.54 % to 175.53 million dollars. It indicates that the higher height may be the result of the internal engines of society rather than the momentum of the external market. The feasibility of the declining direction remains doubtful, as investors wonder whether this will be a long -term recovery.

At the time of writing this report, the SHIB value is estimated at $ 0.00001205, which represents a modest profit of 1.24 %. Technical signals such as the RSI (RSI) index of 45.99 indicates that there are weak and weak feelings, and MACD reveals a weak downward intersection. All these signals indicate a little momentum, which supports the fact that Shayb is still in a state of unification and does not accumulate towards a strong outbreak.

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