Shiba Inu Price Forecast: SHIB Burn Rate Surges 530% as Bulls Eye a Breakout

• SHIB burn activity surged 530%, strengthening the token’s supply-reduction narrative.
• Holding $0.00000440 could support a move toward $0.00000477 and $0.00000500.
• Weak volume remains a concern despite improving MACD momentum and stable RSI readings.

Shiba Inu has gained fresh attention after a sharp jump in token-burning activity. SHIB rose 0.93% to around $0.00000450 during the latest session. The burn rate climbed more than 530%, adding a bullish supply-side catalyst. However, weak trading volume continues to limit confidence among buyers. SHIB now faces a crucial test near $0.00000440 support. A sustained recovery could push the meme coin toward $0.00000500.

SHIB Burn Rate Jumps as Supply Shrinks

Shiba Inu's latest recovery followed renewed activity from the community's burn program. The process permanently removes SHIB from circulation through inaccessible wallet addresses. Such burns aim to reduce the token's enormous supply over time. The latest tracker data showed a 530.03% increase in daily burn activity. One transaction destroyed 448,431 SHIB during the latest reported hour.

… Continue reading the full article at the original source below.