Shiba Inu Price Eyes Recovery as Burn Rate Jumps 10,785% – Can SHIB Hit $0.000016?

The Shiba Inu price trades at $0.00000990 after rising 4.29% in the past 24 hours. This mild rebound follows renewed buying around the demand zone, suggesting early signs of accumulation. Meanwhile, the SHIB price remains inside a descending channel but shows early stability as buyers attempt to defend lower levels. The sharp surge in token burns adds further strength to the recovery outlook.