Shiba Inu loses the bark until Rally cooled in the middle of a falling burnt, bet

Shiba Yunu Prices Rally stopped as scope of shops, futures open interest and its combustion rate continues to fall down.

Shiba Inu (Shib) The second largest meme in the cripto, it fell to $ 0.0000, down from this week of High $ 0.001750.

Coongecko Data That the daily amount has fallen in the last few weeks, support demand is drying. Shiba Inu has a 24-hour volume of $ 173 million, much lower than Dogecoin’s (Exaggerate) $ 1.416 billion and Pepe’s (Pepe) $ 933 million.

His volume was also lower than other smaller coins, such as official Trump, Bonk, Dogvifhat and peanut squirrels.

The same trend occurs in the futures market, where open interest decreases after reaching its peak to $ 272 million, 11. May. She fell to $ 216 million, a smaller figure from other memorial coins like Bonk and Pepe.

The Vantures Open Cantia is a popular figure that measures the number of unfulfilled orders in Futures Market. High open interest is a sign of large quantity and liquidity.

The price of Shiba Inu has also fallen while the day burning rate has slow in the last few days. The data show that the winning recording rate dropped by 78% on Sunday to 3.3 million. Less than 70 million shaded coins burned from Tuesday last week.

Shiba Ina Burns is usually because they reduce the amount of coins in circulation and increase market feelings.

Further, the total value locked in the Shibarium network has discarded In the past seven days. It fell from $ 3.98 million to $ 3.41 million, with most Daps in ecosystem, such as Shibasvap and Finance K9, loss of property.

Shiba Yunu Technical Analysis

The consolidation of the Shiba Yu consolidation could be calm before the storm and a rush. The weekly chart shows that the price of the Shib formed a double-bottomed sample at 0.00001076 USD.

The double bottom often leads to strong bullish, potentially to the neckline, which in this case, at the November level 0,0000339090, increased by 133% from the current level.

Shiba Inu also forms a popular harmonious sample known as the KSABCD. He has already finished Phase X, AB and BC and is now in the early stages of the last CD phase.

If this happens, Shib price will probably refuse and hit 2024 high from 0.0000464618, with 227% from the current level.