The price of Shiba Inu (SHIB) is showing bullish momentum and forming a bullish pennant pattern on the 4-hour chart, suggesting a potential breakout and a price target of $0.00002200. The burn rate of SHIB has increased, with over 20.5 million tokens removed from circulation in 24 hours, leading to speculation about future price movement. Market analyst Army_Shiba expresses a bullish outlook, stating that the dip in SHIB is gone and reversal is expected. Technical indicators such as RSI and MACD also suggest potential upward movement. The increased burn rate and significant transactions by whales indicate active trading of SHIB.



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