Shiba Inu (SHIB) is experiencing a surge in burn rate, leading market analysts to predict an 18% price rally.
SHIB's burn rate has increased by over 12,000%, signaling growing supply reduction pressure and potential upward price movement.
If SHIB breaks the $0.0000119 resistance level, it could see a 24% rally, with targets at $0.0000148 and $0.0000177.
With 410 trillion SHIB tokens recently removed from circulation, shrinking the total supply by 41%, Shiba Inu paints a bullish picture in the crypto market.