Shiba Inu price rises 10% with a surge in the burn rate by 4800% – what's next?

Unprecedented price jump and burn

SHIB saw a price increase of 10% after the burn rate surged by more than 4800% in 24 hours, reducing supply and helping to stimulate the price.

Technical outlook

If SHIB maintains support at 0.000025, it may continue to crawl towards 0.00003 dollars, especially if the burn continues at a similar pace.

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