Shiba Inu Skyrockets 781% in Burns Amid SHIB Price Rebound

Shiba Inu has seen surge in burn rate and market value

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As it currently is, Shiba Inu bulls are challenging a key price level where a substantial amount of SHIB is being held by several addresses.data, 422.29 trillion SHIB are being held by 23,330 addresses at an average price of $0.000017. If bulls succeed in surmounting this vital level, the SHIB price might approach $0.00002. In this scenario, a sustained breach above the daily moving averages of 50 and 200 at $0.0000193 and $0.00002125 might indicate a bullish comeback.

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