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SHIB Army Eyes 195% Price Explosion After Negative Funding Rates Signal Bullish Reversal

  • Shiba Inu (SHIB) could be poised for a bullish reversal following an 18.3% drop in the past month.
  • Market analyst Tektonic sees early signs of bullish reversal with a target of $0.000017, fueled by negative funding rates signaling reduced bullish leverage.
  • SHIB is trading at $0.00001161, indicating a 6.6% increase in the last 24 hours, potentially forming a reversal pattern on key timeframes.
  • Bullish sentiment for SHIB is backed by a skyrocketing burn rate of 5,404.46%, reducing overall supply, which may drive prices up depending on demand.
  • Shiba Inu's bullish outlook is strengthened as it nears $0.000012, creating higher lows and maintaining volume, hinting at a potential breakout towards $0.00001280–$0.00001350.
  • Higher lows signify increasing buyer interest, weakening bearish sentiment, with each new support zone reinforcing a sustained uptrend for SHIB.
  • The SHIB Army anticipates a 195% price surge amid the expected bullish pattern reversal.

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