Shiba Inu (CRYPTO: SHIB) has seen its burn rate skyrocket over the last day, helping shift momentum from a downtrend into an uptrend. Traders suggest the meme coin could now be entering a rally phase after weeks of consolidation.
Trader Notes: Crypto trader Kamran Ashgar questioned if SHIB's lengthy consolidation is finally over, hinting at potential for a "massive expansion" ahead.
$SHIB's consolidation phase is over.? The chart is now poised for a massive expansion. pic.twitter.com/CGGGXXwxAe
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