The Shiba Inu (SHIB) cryptocurrency has experienced a 1.34% gain in the past day, currently trading at $0.00002028. The burn rate of SHIB has increased by 1000% in the last 24 hours, indicating efforts to reduce the token's supply. The market capitalization is at $11.95 billion, with a trading volume of $450.53 million, suggesting growing interest in the token. Technical indicators show a neutral momentum but leaning slightly towards the oversold zone, with the potential for upward momentum if short-term and longer-term moving averages align. The primary resistance for SHIB is at $0.00002100, while support sits at $0.00001950. Traders should monitor moving averages and the Chaikin Money Flow for clearer trends and confirmation of resistance levels.



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