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Is Shiba Inu Coin Burn Rate Hinting At SHIB Price Crash?

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Summary
Nutrition label

67% Informative

Shiba Inu coin burn rate and addresses have dropped in a week , hinting at a decline in sentiment for further upside.

ShIB burn rate has dropped more than 100% this week , as per burn tracker Shibburn data.

The number of active addresses fell by 7% in the last 24 hours , indicating negative sentiment in the market.

Technical indicators show weakness amid the change in trend and signals from indicators such as Ichimoku cloud, RSI , and exponential moving averages.

VR Score

47

Informative language

35

Neutral language

61

Article tone

formal

Language

English

Language complexity

35

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not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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