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SHIB burn rate impact Shiba Inu priceCoinGape
•Business
Business & Economics
62% Informative
Shiba Inu (SHIB) price is dropping today , May 13 , as the entire crypto market sheds its recent gains due to a notable increase in long liquidations.
Despite dropping by over 10% in 24 hours , the SHIB burn rate has spiked by 6,500% suggesting that a rebound looms.
Liquidation map shows a significant amount of open short positions are at risk of liquidation of SHIB reaches $ 0.00006 .
One-day chart shows that this top meme coin might make a massive rebound to the upside after forming a bull flag pattern.
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