THESE are Shiba Inu’s key levels after 1500% hike in burn rate
Shiba Inu burn rate surges 1500%, sparking speculation about a bullish rally.
SHIB’s burn rate surge aligns with historical trends, driving positive momentum and investor interest.
Price breakout and increased network activity hint at a strong potential rally above resistance.
Shiba Inu’s [SHIB] burn rate has skyrocketed by 1500%, significantly cutting down its circulating supply and reigniting enthusiasm among investors.
This sharp increase aligns with a trendline breakout and retest on the weekly chart, further fueling speculation about a potential bullish breakout.
At press time, SHIB was trading at $0.00002289, up 2.02% over the last 24 hours. The recent developments suggest an optimistic outlook, but key resistance levels remain crucial for determining the token’s future trajectory.
