Crypto
SHIB Price Trapped by Resistance as Burn Rate Surges
Shiba Inu's price has been stuck near $0.0000057 as bulls struggle to break through resistance at $0.000006.
The token briefly touched $0.0000059-$0.0000060 earlier this month, but the immediate setup remains largely unchanged, with buyers still trying to secure a convincing breakout.
The key level remains around $0.000006-$0.0000061, and Shiba Inu has tested this area several times over the past two weeks without establishing it as support.
A recent SHIB breakout setup identified $0.000006-$0.0000061 as the main resistance zone, with a clean move above it potentially reopening the path toward $0.0000067 and then $0.0000072.