{"id":629,"date":"2024-10-03T13:01:46","date_gmt":"2024-10-03T13:01:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=629"},"modified":"2024-10-03T13:01:46","modified_gmt":"2024-10-03T13:01:46","slug":"dogecoin-killer-shiba-inus-burn-rate-increases-227-then-why-are-technical-indicators-so-weak","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=629","title":{"rendered":"&#8216;Dogecoin Killer&#8217; Shiba Inu&#8217;s Burn Rate Increases 227%\u2014Then Why Are Technical Indicators So Weak?"},"content":{"rendered":"<div>\n<p><strong>Shiba Inu<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/shib\/usd\">SHIB<\/a>) is seeing rising burn rates but is struggling with <a href=\"https:\/\/www.benzinga.com\/pro\/blog\/beginners-guide-technical-analysis\">bearish technical indicators<\/a> foreshadowing a further drop in prices.<\/p>\n<p><strong>What Happened: <\/strong>Shiba Inu&#8217;s burn rate increased by 226.5% over the past 24 hours following the last burn transaction of 2.6 million coins around 21 hours ago, according to Shibburn data.<\/p>\n<p>For the month of September, Shiba Inu <a href=\"https:\/\/x.com\/shibburn\/status\/1841146384298151972\">burned<\/a> a total of 2.4 billion SHIB, worth $42,069, in 131 transactions, increasing the monthly burn rate to 249.4%. SHIB surged by 29% in September.<\/p>\n<p>Benzinga technical analysis shows a neutral Relative Strength Index of 58.3 as of &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41163167\/dogecoin-killer-shiba-inus-burn-rate-increases-227-then-why-are-technical-indicators-so-we\" alt=\"'Dogecoin\" killer shiba inu burn rate increases why are technical indicators so weak>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu (CRYPTO: SHIB) is seeing rising burn rates but is struggling with bearish technical indicators foreshadowing a further drop in prices. What Happened: Shiba Inu&#8217;s burn rate increased by 226.5% over the past 24 hours following the last burn transaction of 2.6 million coins around 21 hours ago, according to Shibburn data. For the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-629","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=629"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/629\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}