Shiba Inu (SHIB) may be struggling now, but key indicators point to a potential comeback rally ahead.
SHIB's burn rate has exploded by almost 2,000% in the last 24 hours, reducing the circulating supply of tokens and potentially increasing its value.
The advancement of Shibarium, a layer-2 blockchain solution, and the increased user activity within the ecosystem could ignite fresh momentum for the price of SHIB.
SHIB's exchange netflow shows that holders are moving tokens off centralized platforms and into self-custody, reducing immediate selling pressure and indicating bullish sentiment.