Look here! 👀 The market has written off Shiba Inu (SHIB), but a massive token burn and an old-school chart pattern are screaming that a brutal movement is about to land. Can you imagine a pump that silences all the haters?
Dude, the price of SHIB shot up 5% in the last 24 hours, and you know why. Tomorrow there's a FOMC meeting (yes, those people from the U.S. Federal Reserve), and the general vibe is that they are going to lower interest rates. What does this mean? Cheaper money = more enthusiasm in the crypto market. Like a double espresso for the digital economy! ☕
But the wildest part isn't that, it's what's happening with the tokens: the SHIB burn rate increased by 248%! 🔥 Do you realize? That’s 75.7 million SHIB tokens destroyed in a week and 14.3 million in just 24 hours. For those who don't know, burning tokens means taking them out of circulation forever, making the remaining ones potentially more valuable. It's the law of scarcity in action! 💎
Now, let's get technical, but I'll explain it as if we were at the bar.
The RSI (Relative Strength Index): This indicator was "oversold" (meaning, at rock bottom) for three consecutive months, an eternity! But now it's about to cross the 50 level. If it surpasses it, it's like the engine restarting. 🚦
The MACD (Moving Average Convergence/Divergence): It is also rising and could turn positive soon. When the RSI and MACD align like this, things get serious. It indicates a breakout! 🚀
Sure, not everything is a fairy tale. A SHIB has struggled a lot to attract investment, and its price has fallen by 71.5% in the last year. The Shibarium network (its layer two for faster transactions) is not active, recording only 2,635 transactions in a day. 📉 They need to turbocharge that platform for it to work in the long run.
But, the hype of tomorrow (the Fed's decision) combined with that brutal burn and the charts screaming "buy!" make the price prediction very optimistic. Analysts believe that SHIB could hit $0.000010 by the end of the year and $0.0000250 by the second quarter of 2026.
Did the market make a mistake in declaring this meme coin dead? Will we see SHIB awaken thanks to a move by the Fed that isn't even about cryptos? The play is up in the air, folks. 🧐 Stay on-chain because the awakening of a 'dead' one is the most epic thing we can see.$SHIB
