Shiba Inu Price Soars as Surge in Burn Rate Sparks Rally To $0.00001

As the Bitcoin price climbed back to the $46,000 level, a broad recovery trend was observed across most of the leading cryptocurrencies, including Shiba Inu. On February 5th, the Shiba Inu price bounced back from its local support level at $0.0000085, marking a 6% increase to reach a current trading price of $0.0000093. This surge successfully broke through the critical resistance trendline that had previously guided the coin’s correction phase, signaling a potential onset of recovery.