The price of the meme coin Shiba Inu (SHIB) has increased by 3% in the last 24 hours, trading at $0.00001339. Despite this, investors are concerned about the token's future as it has been in a death cross since last month, indicating a bearish trend. However, the recent uptick has raised anticipation for a possible rally out of the death cross zone. Analysts suggest that increased trading volume and a higher burn rate are needed for SHIB to clear the zone and sustain price rallies. The recent incineration of 20 million SHIB tokens as part of a deflationary move has been praised, but consistency is needed to support SHIB's quest for higher price levels.



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