Can SHIB Break Through Resistance Amid Surge in Burn Rate?

Quick Summary:

Shiba Inu (SHIB) is currently trading at $0.0000281, showing a modest 0.51% increase over the past 24 hours, and a notable 12% rise in the last month.

Despite this movement, SHIB has struggled to break the crucial resistance level at $0.00002888.

In just one day, the burn rate skyrocketed by 572.29%, with a massive 72,847,617 sent to unspendable addresses.

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Article Details

Author / Journalist: Janani

Category: Crypto

Markets: United Arab Emirates

Topics: Altcoin News Altcoin SHIB Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-14 @ 12:23:34 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 323 words

Reading Time: 2 minutes read

Sentences: 31 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 24407416

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 18 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

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