Shiba Inu Burn Rate Soars 455% as Price Rebounds and Breaks Key Resistance

Shiba Inu (SHIB) has started to recover after a recent price drop, with its burn rate increasing by over 455%. The token is up 1.68% in the last 24 hours, now trading at $0.00001765.

It has surpassed a key resistance level of $0.0000174, which may signal further price growth. Over 2.9 million SHIB have been burned, reducing the total supply to 410.7 trillion tokens.

This reset could attract more investors to the project, boosting the price in the days ahead, as Shiba Inu remains a key player in the meme coin market despite emerging competitors.