Shiba Inu (SHIB) has lost over 5.60% in the past 24 hours.The burn rate of SHIB has spiked by 226%, with 2.63 million tokens burnt.The SHIB price has been on a bearish trend, hitting a peak of $0.00001702 and a low of $0.0000157.SHIB's price chart indicates the failed attempt to overcome the bearish trend, with resistance at $0.00001712.