SHIB Price Gains as Token Burn Rate Rises 24.51%

• SHIB price gained 1.11% in 24 hours as volume rose 18.05%.
• Shiba Inu burn activity increased 24.51%, with 22.89 million SHIB burned in 24 hours.
• SHIB bulls held control near resistance, while consolidation shaped the next possible price move.

After drawing a pattern made of highs and lows, the SHIB-0.17% has for the last 2 days traced an upward trend. With slight gains in the last 24 hours, weekly and monthly gains have been extended, reducing the pressure on its long-term trend. This comes at a time when Shiba Inu token burning has surged. 

SHIB Price Gains 1.11% as 24-Hour Trend Shows Renewed Recovery

Tracking the ongoing price trend at the time of writing, the SHIB price traded at $0.0000056234 after gaining 1.11% in 24 hours. The price followed an upward trend, though repeated pullbacks interrupted the move. SHIB price climbed sharply from the lower range and moved above the $0.00000520 area. The price then faced quick reversal...