Shiba Inu Stuck Below Key Resistance as Burn Rate Fades

Shiba Inu's price has rebounded from its September lows, currently trading near $0.0000058.

The token briefly climbed to $0.00000591 on September 30, but remains below the key resistance area of $0.000006.

According to Coinpaper's analysis, if Shiba Inu can reclaim this threshold, it could unlock a move towards $0.0000067 and potentially even $0.0000072.

The burn rate, which has been a major talking point in recent weeks, is no longer the main driver of SHIB's price action, with daily burns falling sharply despite the token holding relatively steady.