$SHIB trades at $0.00000931 as burn rates skyrocket 10,000% amidst ecosystem risks.
What's Happening:
Burn Rate: 10,728% surge in burn rate; $172M SHIB destroyed in 24h.
Price: Correcting to $0.00000931, testing key support.
Deadline: K9 Finance issues ultimatum for Shibarium bridge exploit compensation (expires today).
Tech: Looking to reclaim the $0.00001000 level.
Why It Matters:
The burn narrative is the strongest it has been in months, driving supply scarcity. However, the K9 Finance dispute over the bridge exploit is a dark cloud. If resolved, SHIB has clear skies. If not, FUD could dampen the rally.
Technical View:
Consolidation phase. Needs to break $0.000010 for bullish continuation. Support at $0.0000085.
🎯 Key Levels:
Support: $0.0000088 | Resistance: $0.0000105
24h Range: $0.0000090 - $0.0000096
💡 "Burn the supply, raise the price. It's simple economics, if the tech holds up."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#ShibaInu #SHIB #Shibarium #TokenBurn #CryptoNews
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
