Shiba Inu Surges 9.5%, Resistance at $0.0000063 Looms Large

Shiba Inu (SHIB) has surged 9.5% in the past 24 hours, reaching a price of $0.00000601 and testing resistance at $0.0000063.

This level has capped every rally since May, but Shiba Inu's recent performance suggests it may be able to break through this barrier.

The burn rate for SHIB collapsed 97.48% in the past 24 hours after a sharp spike on September 19, which could potentially reduce supply-side pressure and allow prices to rise further.