$SHIB SHIB Coin Price Prediction:

Can Exploding Burn Rate Propel Shiba Inu To $0.00005?Shib price prediction: Shiba Inu meme coin sees a bullish breakout backed. by strategic coin burning, which hints at potential price increases

HIGHLIGHTSRecent strategic burns potentially boost Shiba Inu’s market value.Technical indicators suggest a mild bullish trend ahead.Resistance breakthrough could signal further gains for SHIB.

SHIB price prediction: Shiba Inu, the second-largest meme cryptocurrency, has notably increased from last week’s bottom. The popular meme coin has surpassed the resistance level at $0.000024. Moreover, in recent hours,  SHIB price experienced substantial price volatility initially climbing to a peak of $0.00002567 before facing a steep decline.

Currently, the Shiba Inu price is trading at $0.0000248, with a slight surge of 1% in the past 24 hours.

Despite the recent fluctuations, the trading activity has seen a decline of 25%, leading to a total of $460 million in transactions within the past day. Intriguingly, the market value of Shiba Inu has seen a modest increase of 0.45%, elevating its worth to roughly $14.66 billion.