🔥 SHIB: Still Burning, But Anyone Paying Attention?
Current Price: $0.000008 (So many zeros…)
3-Month Performance: -23.17%
RSI: 30.1 (Near Oversold)
Technical Analysis:
Support: $0.000008 (Psychological Support + Technical Support)
Resistance: $0.000011 (Previous Consolidation Range)
EMA Status: Price Below Two EMA Lines (Downtrend)
Burn Strategy 🔥:
SHIB continues to burn tokens (automatic burn + manual burn), but frankly, the total supply is still in the trillions. The math doesn't support the unrealistic fantasy of "burning down to $0.01."
SHIB Highlights:
Their L2 system is live and operational. No longer just a meme—it has DeFi, gaming, and NFT infrastructure. That's truly impressive for a meme coin.
🎯 Forecast:
SHIB's token economic model is superior to DOGE (deflationary), but its market share is lower. I expect SHIB to underperform DOGE in the next meme-driven rally, but experience smaller declines in a bear market.
Watch for buying opportunities in the $0.000008-$0.000009 range. A break above $0.000011 could see further gains to $0.000014.
Risk Level: 🔴🔴 High
#SHIB #MEME
$SHIB




