The Shiba Inu token's price is currently at $0.000023, showing minimal changes despite a slight 1.7% increase in the last day. Speculation about its future value reaching $1 is circulating among enthusiasts. The recent surge in burning activity, which saw 200,591,910 SHIB tokens permanently removed from circulation, aims to decrease supply and potentially increase value. At the current price level, there's a pivot point at $0.000024, with instant opposition at $0.000025, and further hurdles at $0.000026 and $0.000028. Support levels are observed at $0.000022, $0.000021, and $0.000018, with the possibility of a deeper decline if these are breached. The Relative Strength Index (RSI) at 41 indicates a somewhat negative sentiment, and the 50-day Exponential Moving Average (EMA) at $0.000023 suggests a bearish trend. A bullish scenario could emerge if the price surpasses the pivot point of $0.000024, signaling positive market conditions.

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