<ul><li>The burn rate of Shiba Inu (SHIB) has surged by 381% in the past 24 hours, with 14.27 million SHIB tokens permanently removed from circulation.</li><li>Efforts to reduce supply have positively impacted SHIB's price movement, with over 98.85 million tokens burned this month.</li><li>Reduced supply due to burning tokens creates a deflationary effect, which is seen as a bullish development for SHIB's long-term price action.</li><li>SHIB is approaching a key resistance level at the 26-day Exponential Moving Average (EMA), with the potential for a breakout and further bullish momentum.</li></ul>

Shiba Inu Burn Rate Jumps—Can SHIB Price Overcome Resistance?

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