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Shiba Inu shows bullish 'bull flag' pattern as Coinbase and Robinhood burn millions of SHIB tokens.

Market News
02 Sep 2026
Dailycoin
View Source
Bullish
pluang ai news

Shiba Inu (SHIB) is displaying a bullish 'bull flag' technical pattern amid significant token burns by major exchanges Coinbase and Robinhood, which together burned over 56 million SHIB in August. Although the monthly burn rate is lower than July's peak, the ongoing burns and reduced exchange reserves indicate strong holder commitment and potential price support. Historically, SHIB tends to perform well in October, known as 'Uptober,' with past gains reaching up to 830%. The key price level to watch is $0.00000650, where whale activity could confirm a bullish trend continuation.

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