Shiba Inu Faces Bearish Reversal Despite 3500% Burn Rate Spike
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Shiba Inu experienced a significant correction within a falling wedge pattern. This bearish trend comes despite a substantial spike in the burn rate of SHIB tokens. According to Shiburn data, 40 million SHIB tokens were burned in the past 24 hours.
This increase in the burn rate by 3500% has not been sufficient to counteract the overall bearish sentiment surrounding Shiba Inu. The market correction suggests investor caution remains high, leading to a decline in prices despite the burn efforts.
Source: en.coinotag.com ↗
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