Zinger Key Points
- Shiba Inu burned 459.3 million SHIB in a single transaction, pushing the burn rate up by 27,735%.
- Shibarium transactions surged to 1.5 million, while technical indicators suggest a potential bullish breakout.
- The new Benzinga Rankings show you exactly how stocks stack up—scoring them across five key factors that matter most to investors. Every day, one stock rises to the top. Which one is leading today?
Shiba Inu SHIB/USD is seeing a massive spike in its burn rate, fueling speculation of a bullish reversal as key technical and on-chain metrics strengthen.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Shiba Inu SHIB/USD | $0.00001246 | $7.3 billion | +2% | -7.3% |
| Dogecoin DOGE/USD | $0.1694 | $25.1 billion | -0.07% | -16.5% |
| Pepe PEPE/USD | $0.056973 | $2.9 billion | -0.9% | -1.5% |
Trader Notes: Rose Premium Signals notes that SHIB is testing the upper resistance of a falling wedge on the 4-hour chart. A breakout above the 50-day moving average is needed to confirm an uptrend, with potential targets at $0.00001305, $0.00001375, $0.00001485, and $0.00001565 if it happens.
Trader CW highlights a strong buy wall at current levels, with three sell walls standing between SHIB and its previous high of $0.00034. He believes a falling wedge breakout could trigger a major rally, stating: "It all starts in an instant."
Statistics: Shibburn reports 505.6 million SHIB burned in the past 24 hours, with 459.3 million SHIB incinerated in a single transaction 20 hours ago. This pushed the burn rate higher by 27,735.7%.
Shibariumscan shows daily transactions jumped from 69,800 (March 12) to 1.46 million (March 13), alongside a surge in active and new accounts.
IntoTheBlock data shows Shiba Inu large transaction volume increased 64% while daily active addresses were up 1.1%.
Community News: Shiba Inu marketing lead Lucie announced Shib OS, a decentralized governance platform aimed at replacing outdated centralized models for governments and enterprises.
With strong on-chain activity, rising burn rates, and a bullish technical setup, all eyes are on SHIB for a potential breakout.
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