In a thrilling plot twist, Shiba Inu, the self-proclaimed Dogecoin killer, curated a tidal wave of speculations among crypto market traders and investors globally following a significant plunge in its price in the past few days. This plunge in SHIB’s price surfaced along with a weekly dip recorded in the SHIB burn rate, giving rise to a bearish sentiment for the meme coin across the broader crypto market.

在一個激動人心的情節轉折中，自稱狗狗幣殺手的柴犬在過去幾天價格大幅下跌後，在全球加密貨幣市場交易者和投資者中引發了一波投機浪潮。 SHIB 價格的暴跌以及 SHIB 銷毀率的每週下跌一起浮出水面，引發了整個加密市場對 meme 代幣的看跌情緒。

Shiba Inu, the meme-based cryptocurrency, echoed a sense of frenzy across the crypto horizon over the past month as its price rallied remarkably, coming in tandem with the broader uptrend witnessed by a meme coin rally. However, with its recent plunge below the $0.00003 level, the token risks falling below its support level of $0.00002 as market dynamics paint a bearish portrait for SHIB.

基於 meme 的加密貨幣 Shiba Inu 在過去一個月中與整個加密貨幣領域的狂熱感相呼應，其價格顯著上漲，與 meme 代幣上漲所見證的更廣泛的上漲趨勢同步。然而，隨著近期跌破 0.00003 美元的水平，隨著市場動態對 SHIB 描繪出看跌的景象，該代幣有跌破 0.00002 美元支撐位的風險。

Shiba Inu Burn: A Closer Look

According to the insights revealed by the meme coin’s burn tracker Shibburn, despite the Shiba crypto community registering the incineration of over 339 million tokens in the past week, SHIB’s weekly burn dipped 58.96%. This drop mirrored SHIB’s weekly plunge, as even price slipped 7.60%.

Shiba Inu 銷毀：仔細觀察根據 Meme 幣的銷毀追蹤器 Shibburn 透露的見解，儘管 Shiba 加密貨幣社群在過去一周內焚燒了超過 3.39 億個代幣，但 SHIB 的每週銷毀量下降了 58.96%。這一下跌反映了 SHIB 的每週暴跌，甚至價格也下跌了 7.60%。

Meanwhile, the meme coin’s community appears to have continued burning colossal amounts of SHIB over the past week, as reported by CoinGpae Media. However, this contrasts with SHIB’s current witnessed price action, as the coin took a bearish turn.

與此同時，據 CoinGpae Media 報道，Meme 幣的社區在過去一周似乎繼續燃燒了大量的 SHIB。然而，這與 SHIB 目前見證的價格走勢形成鮮明對比，因為代幣出現了看跌。

On the other hand, intriguingly, the SHIB burn rate recorded over the past 24 hours mirrored a roughly 100% surge, with 33 million coins incinerated. Nonetheless, the broader market remained bearish on the meme coin, as market charts illustrated bears taking control.

另一方面，有趣的是，過去 24 小時內記錄的 SHIB 銷毀率幾乎激增 100%，焚燒了 3,300 萬枚代幣。儘管如此，大盤仍然看跌這款迷因幣，因為市場圖表顯示空頭佔據了主導地位。

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Shiba Inu Price Slips

As of writing, the Shiba Inu token’s price noted a drop of 0.06% over the past 24 hours and is currently trading at $0.00002715. Although the token’s charts showcased a gradual upward momentum for the meme coin as of press time, potential due to today’s burn upswing, market dynamics continued fueling speculations.

Shiba Inu 價格下滑 截至撰寫本文時，Shiba Inu 代幣的價格在過去 24 小時內下跌了 0.06%，目前交易價格為 0.00002715 美元。儘管截至發稿時，該代幣的圖表顯示了迷因代幣逐漸上升的勢頭，但由於今天的燃燒上升而具有潛力，但市場動態繼續加劇了猜測。

Looking at the broader trend for SHIB in the market, coupled with a weekly plunge of nearly 7%, market data illustrates further falls for SHIB potentially looms. Derivatives data showcased a 1.61% drop in SHIB’s open interest, whereas volume dropped 4.41%. This hinted at a plunge in new money entering the market, along with a reduction in market activity, adding to Shiba Inu’s bearishness.

從SHIB在市場上的整體趨勢來看，再加上每週暴跌近7%，市場數據顯示SHIB可能會進一步下跌。衍生性商品數據顯示，SHIB 持股下降 1.61%，成交量下降 4.41%。這暗示進入市場的新資金大幅減少，同時市場活動減少，加劇了柴犬的悲觀情緒。

Meanwhile, the OI-weighted funding rate also continued to fall, reaching $0.0198%, further mirroring bearishness on SHIB as it signaled a significant decrease in investor sentiment toward taking longer positions.

同時，OI加權融資利率也持續下跌，達到0.0198%，進一步反映了對SHIB的看跌情緒，因為這顯示投資人對多頭部位的情緒顯著下降。

The RSI hovering at 53 further hinted at neither an overbought nor an oversold region for the token. However, coupled with the downtrend observed in the past week and the drop in OI and volume, a potential for further price declines persists with a weakening market momentum witnessed following a meme coin rally.

RSI 徘徊在 53 進一步暗示該代幣既沒有超買也沒有超賣區域。然而，加上過去一周觀察到的下降趨勢以及持倉量和交易量的下降，隨著模因幣上漲後市場勢頭減弱，價格進一步下跌的可能性仍然存在。

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