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$SHIB burn spiked on Oct 6, but 297.6M of it was one transfer, 42% of the 30-day total (Shibburn). Shibarium did 5,711 tx that day, then 1,142 by Oct 10, 40% under its 31-day average. By Oct 13 the daily burn was ~$1.
My read: neutral. The burn is lumpy one-off transfers, not chain fees, so I’m not leaning on it.
Levels I’m watching into end of Oct: $0.0000052 support, $0.0000056 resistance. A daily close above $0.0000056 on rising Shibarium activity would change my mind.
#TSMCQ3RecordProfit
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