The cryptocurrency Shiba Inu (SHIB) has experienced a significant increase in its daily burn rate, with a 972% surge in SHIB tokens being removed from circulation. This burn rate spike has coincided with a 3% increase in the token's price over the past 24 hours. Burning tokens reduces the total supply, creating scarcity and potentially increasing long-term value. Shiba Inu has rebounded slightly in the last two days, reflecting the overall recovery in the crypto market, but it remains below key resistance levels. To maintain the current rebound, SHIB may need to break beyond $0.0000223, with stronger resistance at $0.000024. Despite a monthly decline in December, Shiba Inu's price movement in the coming days is highly anticipated.



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