The meme coin Shiba Inu (SHIB) is expected to experience a recovery in price due to a strong burn rate and bullish price action. The burn tracker for SHIB shows a significant increase in burn rate, with 31,556,987 SHIB tokens burned in the past 24 hours. However, traders are losing interest in SHIB trading, as evidenced by a drop in futures open interest. The major liquidation areas are at $0.00001413 and $0.000015, indicating that traders are over-leveraged at these levels. The current market sentiment suggests that traders believe SHIB's price will not surpass $0.000015 in the near future.



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