Shiba Inu’s (CRYPTO: SHIB) burn rate has exploded, reigniting trader optimism for a potential bullish breakout.

Cryptocurrency Ticker Price Market Cap 7-Day Trend
Shiba Inu (CRYPTO: SHIB) $0.00001265  $7.5 billion -2.7% 
Dogecoin (CRYPTO: DOGE) $0.2133  $32 billion -3.5% 
Pepe (CRYPTO: PEPE) $0.00001085  $4.6 billion -5.1% 

Trader Notes: Crypto trader Javon Marks highlighted that SHIB recently confirmed a bullish divergence, a signal that often precedes sharp upside moves. He projects the price could rally more than 156% to reach $0.000032, potentially kicking off a larger trend reversal.

Full story available on Benzinga.com