American Shiba USD Price & Performance (USHIBAUSD)

Shiba Inu's price climbed 8% to $0.0000123, recovering from recent lows. The broader cryptocurrency market's recovery, aided by lower-than-expected inflation, has boosted altcoins like SHIB. Currently, 34% of SHIB addresses are profitable, signaling improved investor sentiment. However, resistance at $0.0000158 and support at $0.000010 remain key levels to watch.1

Shiba Inu's burn rate soared by 107%, with 2.14 million SHIB removed in 24 hours. Whale transactions also increased, reflecting heightened activity. Despite a 20% monthly price drop, the number of profitable wallets rose to 38.65%. Analysts suggest holding support at $0.0000147 could trigger a 20% rebound.2

Shiba Inu burned 28.5 million SHIB in an hour, marking a 3,255% increase in burn activity. Despite this, the token's price slipped 6% amid broader crypto market volatility. Investors remain cautious as SHIB hovers near key support levels, with potential for recovery hinging on renewed buying interest.3