🚀*The burning of Shiba Inu tokens (SHIB)*📈
eliminates tokens from the supply, reducing the availability and, theoretically, increasing the price if demand remains.
With a massive burn of over 30 million tokens, SHIB could become scarcer and therefore more valuable.
Technically, the key support at $0.00002260 could prevent drops, while breaking through the resistance at $0.00002300 could trigger a bullish momentum.
Indicators like the MACD and RSI also suggest a possible bullish reversal. Together, the increase in token burn and positive indicators generate optimism in the market, suggesting a potential increase in the value of SHIB.