logo
welcome
CoinGape

CoinGape

Shiba Inu Price Analysis: Key Levels to Watch For Amid Bitcoin Volatility

CoinGape
Summary
Nutrition label

62% Informative

Shiba Inu price is grappling with a critical support level in the daily timeframe as the SHIB burn rate spikes by 1000% .

Bitcoin price dropped below $ 59,000 , pulling the crypto market down.

Shib token burns escalate as Shytoshi Kusama refrains from revealing their identity.

The meme coin has been facing downward pressure for some time now, with a death cross flashing on its price chart.

Technical analysis shows traders are neutral to bullish in the short-term.

VR Score

39

Informative language

23

Neutral language

53

Article tone

formal

Language

English

Language complexity

38

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links