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.

在一个激动人心的情节转折中，自称狗狗币杀手的柴犬在过去几天价格大幅下跌后，在全球加密货币市场交易者和投资者中引发了一波投机浪潮。 SHIB 价格的暴跌以及 SHIB 销毁率的每周下跌一起浮出水面，引发了整个加密市场对 meme 代币的看跌情绪。

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.

基于 meme 的加密货币 Shiba Inu 在过去一个月中与整个加密货币领域的狂热感相呼应，其价格显着上涨，与 meme 代币上涨所见证的更广泛的上涨趋势同步。然而，随着近期跌破 0.00003 美元的水平，随着市场动态对 SHIB 描绘出看跌的景象，该代币有跌破 0.00002 美元支撑位的风险。

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 销毁：仔细观察根据 Meme 币的销毁追踪器 Shibburn 透露的见解，尽管 Shiba 加密货币社区在过去一周内焚烧了超过 3.39 亿个代币，但 SHIB 的每周销毁量下降了 58.96%。这一下跌反映了 SHIB 的每周暴跌，甚至价格也下跌了 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.

与此同时，据 CoinGpae Media 报道，Meme 币的社区在过去一周似乎继续燃烧了大量的 SHIB。然而，这与 SHIB 目前见证的价格走势形成鲜明对比，因为代币出现了看跌。

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，过去 24 小时内记录的 SHIB 销毁率几乎激增 100%，焚烧了 3300 万枚代币。尽管如此，大盘仍然看跌这款模因币，因为市场图表显示空头占据了主导地位。

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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 价格下滑 截至撰写本文时，Shiba Inu 代币的价格在过去 24 小时内下跌了 0.06%，目前交易价格为 0.00002715 美元。尽管截至发稿时，该代币的图表显示了模因代币逐渐上升的势头，但由于今天的燃烧上升而具有潜力，但市场动态继续加剧了猜测。

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.

从SHIB在市场上的整体趋势来看，再加上每周暴跌近7%，市场数据表明SHIB可能会进一步下跌。衍生品数据显示，SHIB 持仓量下降 1.61%，交易量下降 4.41%。这暗示进入市场的新资金大幅减少，同时市场活动减少，加剧了柴犬的悲观情绪。

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.

与此同时，OI加权融资利率也继续下跌，达到0.0198%，进一步反映了对SHIB的看跌情绪，因为这表明投资者对多头头寸的情绪显着下降。

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 进一步暗示该代币既没有超买也没有超卖区域。然而，加上过去一周观察到的下降趋势以及持仓量和交易量的下降，随着模因币上涨后市场势头减弱，价格进一步下跌的可能性仍然存在。

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