Shirtum USD Price & Performance (SHIUSD)

The Shiba Inu cryptocurrency has seen a 107.5% surge in its burn rate, with over 2.14 million SHIB coins removed in the last 24 hours. Whale transactions have also increased, but the coin's price remains at a critical support level of $0.0000147, leaving its future direction uncertain.1

Shiba Inu is holding a crucial support level, which analysts believe could lead to a 20% price rebound if maintained. However, failure to hold this position might result in an 11% decline. Despite recent price drops, the number of profitable wallets has risen to 553,400, up from February 2024.1

While Shiba Inu's burn rate and large transactions have increased, its daily transaction count has dropped significantly. With 58% of holders currently at a loss, the cryptocurrency's performance remains volatile, leaving investors cautious about its immediate potential for recovery.1