Shiba Inu Price Breaks Out of Triple Technical Levels

Shiba Inu's price has been on the rise, currently trading at $0.00000564 after clearing two descending channels and a falling trendline on its daily chart.

This triple breakout is a significant development for SHIB, with the price now retesting the zone around $0.00000532, the area where the trendline break and channel breakout converged.

Long positions have absorbed the majority of liquidations across every timeframe, which is unusual on a day when SHIB is still up double digits.

The burn rate has jumped 177.68% in the past 24 hours, but exchange inflows rose at the same time, creating a mixed signal worth watching.