Shiba Inu Price Prediction: Key Support In Focus as Burn Rate Collapses 98%

• Shiba Inu tests $0.00000601 as burn rate collapses 98.94% with only 305,490 SHIB burned in last 24 hours.
• Open interest drops 7.41% to $57.87M while volume falls 7.53% to $162.23M, signaling reduced participation.
• Price consolidates above Supertrend at $0.00000593 but remains below all major EMAs with CMF at 0.07 showing weak buying pressure.

Shiba Inu price today trades near $0.00000601, up 0.33% in the past 4 hours as the token consolidates after failing to sustain gains above $0.00000650. The move comes as Shibburn data shows the burn rate has crashed 98.94%, with only 305,490 SHIB sent to dead wallets in the last 24 hours.

Burn Rate Crashes 98.94% To 305,490 SHIB

According to Shibburn, the burn rate has significantly decreased, with only 305,490 SHIB being destroyed recently. The largest burn transaction yesterday was 10 …

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