Shiba Inu Price Remains Stuck Amid Rising Burn Rate

The Shiba Inu (SHIB) price has been holding above $0.00000404, but its recovery attempts are still being limited by major EMAs. Despite this, the SHIB burn rate has risen to over 41% of the original supply, with more than 410.84 trillion tokens permanently removed.

This reduction in circulating supply supports the long-term narrative, but the amount remains small against the current supply. The burn activity alone is unlikely to trigger an immediate price rally for SHIB.

The Shiba Inu price analysis shows that the token continues to trade below key EMAs and futures sentiment is not overly bullish. However, the targets and price levels discussed are based on technical indicators and do not guarantee future movements.