<ul data-eligibleForWebStory="false"><li>The burn rate for Shiba Inu (SHIB) skyrocketed by 10,786%, eliminating over 9.5 million tokens from circulation, but the price has not seen a significant rise in response.</li><li>SHIB is currently trading at $0.00001172 with a slight increase, but the market sentiment remains cautious as 88% of holders are still at a loss.</li><li>Despite signs of recovery in RSI and MACD, SHIB struggles to break above the 26-day EMA at $0.00001182, acting as a strong technical barrier.</li><li>Analysts note bullish signals like a descending channel pattern and a Bullish Divergence with MACD, suggesting potential upward momentum if SHIB surpasses key resistance levels.</li></ul>

Shiba Inu Burn Rate Explodes 10,786%—Can SHIB Finally Break $0.000012?

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