Shiba Inu Burns Up 1009% as Shiba Inu Price Jumps 🔥📊✅

The dog-related cryptocurrency Shiba Inu (SHIB) is seeing an incredible surge in its burn rate, rising by 1009%, while the coin’s price has seen a significant increase.

Burn Rate Increase 🔥

According to Shibburn’s account on the X platform (formerly Twitter), 11,899,510 SHIB tokens have been burned in the last 24 hours, representing a 1009.27% ​​increase. The timing of the burn rate spike coincides with a positive move in Shiba Inu’s price in the market. 🔥

Shiba Inu touched the $0.000014 level in weekend trading, as the general crypto market recovery that began earlier extended. 🔥

Bears may attempt to block the upside at this level, but it is expected to be surpassed. If that happens, Shiba Inu could target the $0.000021 level at the 200-day SMA, which is ahead of the $0.00003 level. 🔥

On the other hand, the bears could try to consolidate their position by pushing SHIB prices below the $0.000013 support level. If they succeed, it would signal the return of the bears. SHIB could then drop to $0.000011 and perhaps to $0.000010 eventually. $SHIB SHIB

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