<ul><li>Shiba Inu is showing signs of recovery with a spike in burn rate and growing open interest, aiming for a move to $0.0000139.</li><li>The meme coin market cap has risen to $60.71 billion, benefiting Shiba Inu, which is poised for an extended rally amidst escalating burn rate and positive sentiment in the derivatives market.</li><li>Although facing short-term obstacles, Shiba Inu has found local support at $0.00001252 and shows a potential rebound, supported by a hidden bullish divergence indicating a target of $0.0000139.</li><li>The SHIB burn rate has increased by 140%, with a significant number of tokens burned recently, while the derivatives market shows growing optimism with rising open interest and short liquidations surpassing long liquidations.</li></ul>

Shiba Inu Eyes Bullish Reversal as Burn Rate and Short Liquidation Spike

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