After a 108,000% Burn Spike, Will Shiba Inu Price Hit $0.000016 Next?
Shiba Inu price has seen renewed attention with a record 108,000% spike in burn rate, indicating increased investor activity. The token has rebounded by 60% from recent lows, showing strong buying interest and recovery signs despite volatility.
Dog-Themed Coins
Shiba Inu Price Surge and Burn Rate Spike
Shiba Inu (SHIB) price has garnered renewed attention after an astonishing 108,000% spike in burn rate, a move that strongly indicates a revival in investor activity. This substantial increase highlights the community-driven efforts to reduce circulating supply and generate higher demand for the token.
60% Rebound Reflecting Strong Buying Interest
The meme token has staged an impressive 60% rebound from its recent lows. This recovery reflects strong buying interest around critical support levels, emphasizing the token's resilience amidst market uncertainty.
Technical Structure and Recovery Trends
Despite recent market volatility, SHIB’s technical structure exhibits signs of recovery, as buyers regain control. This marks a significant shift in sentiment, potentially setting the stage for a more sustained upward trajectory for Shiba Inu.