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latest Shiba Inu price forecastCoinGape
•Business
Business & Economics
61% Informative
Shiba Inu (SHIB) price is teasing a breakout from a 4-year consolidation phase, fueled by whales accumulating 530 trillion tokens and an 11,000% surge in SHIB burn rate.
Whale accumulation suggests SHIB may break out from this consolidation range and target $ 0.00025 .
The meme coin entered this range in mid-2021 following a parabolic bull run stirred by a 400 trillion ShIB burn by Vitalik Buterin .
The surging burn rate and falling supply on exchanges also suggests a looming supply squeeze that may precede a bullish breakout.
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