Shiba Inu SHIB/USD is benefiting from market optimism and a rising burn rate, prompting traders to foresee an upcoming price rally.

What Happened: Shibburn data reported a burn rate of 434.6% in the past 24 hours, with more than 8 million coins burned in the past 10 hours alone. A total of 410.7 trillion coins have been transferred to dead wallet addresses.

Crypto trader Javon Marks, in his latest tweet, highlighted that SHIB has broken out of a “smaller” bull flag pattern, suggesting this could trigger another significant upward movement in its price.

Marks elaborated that the breakout could potentially continue an already impressive 210% run, targeting a price of $0.000081. He further…

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