Shiba Inu Price Hinges on Breaking Trendline as Burn Rate Surges

Shiba Inu's daily burn rate saw a significant increase of 154.33% on September 30, but the actual value removed from circulation is relatively small at around $395.

This modest amount does not significantly impact supply, as almost every token is already in the market.

The Shiba Inu price today stands at $0.00000576, with a 3.4% increase over the past 24 hours and a market cap of approximately $3.393 billion.

Technical analysis suggests that SHIB may break above the falling trendline near $0.00000588 resistance if it can secure a 4-hour close above this level, potentially leading to further gains up to $0.00000607 or even higher.