Shiba Inu Burn Rate Soars 5,440%, But Why Do Technicals Flash ‘Sell’?
Posted On March 5, 2025
Shiba Inu (CRYPTO: SHIB) is benefiting from renewed optimism in crypto markets, but technical analysis suggests caution despite rising burn rates.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Shiba Inu (CRYPTO: SHIB) | $0.00001324 | $7.8 billion | +5.4% | -6.7% |
| Dogecoin (CRYPTO: DOGE) | $0.2019 | $29.9 billion | +6.6% | -2.3% |
| Pepe (CRYPTO: PEPE) | $0.057123 | $2.9 billion | +6.4% | -12.4% |
Trader Notes: According to TradingView’s technical analysis, SHIB’s Relative Strength Index (RSI) sits at 38.5, indicating oversold conditions. This could suggest a potential buying opportunity if market conditions improve.
The Simple Moving Average (SMA) model …
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