Shiba Inu While the price recorded corrections on a weekly basis, the community continued its efforts by burning 175 million tokens. As the weekly burn rises by 281%, the community is trying to break the negative pressure on the price.
As Koinfinans.com reported, things are not looking good as SHIB investors continue to maintain their $0.00003 price target. To put it in detail, 42.769 million of the burnings were done in the last 24 hours. took place.
HOURLY SHIB UPDATE$SHIB Price: $0.00002254 (1hr 0.11% ▲ | 24hr -3.91% ▼ )
Market Cap: $13,285,552,188 (-3.72% ▼)
Total Supply: 589,273,678,791,906TOKENS BURNT
Past 24Hrs: 42,769,551 (71.55% ▲)
Past 7 Days: 174,936,408 (281.27% ▲)NEWS CONTINUES BELOW— Shibburn (@shibburn) May 11, 2024
While Shiba Inu started 2024 with an optimistic outlook, it managed to rise from a low of $0.000008 to a high of $0.00003. A significant part of these earnings is meme coin This took place due to the increased interest in the market.
Shiba Inu price showed signs of a pullback, dropping 3.59% to $0.00002255 in the last 24 hours. The 24-hour low and high are $0.00002222 and $0.00002358 respectively. Additionally, the token’s market value decreased by 3.46% to $13.29 billion, while its 24-hour trading volume decreased by 2.18% to $374.93 million.
According to Coinglass data, SHIB’s open interest increased by 0.36% and reached 59.74 million dollars, while its derivative transaction volume increased by 3.33% to 114.26 million dollars.
According to Shiba Inu technical analysis, the RSI value has consolidated around 42. This represents a neutral level indicating neither buying nor selling.
