SHIB price has been on a bullish wave recently, but it has cooled off in the last 24 hours. The token burn rate has increased, but the total supply is still high. Analysts suggest that SHIB might be entering a consolidation phase. Investors should exercise patience and closely monitor the resistance and support levels before making any moves.
Here are some specific details that I removed from the original text:
The launch of Shibarium and Binance’s decision to list SHIB as collateral.
The price failing to maintain the strong resistance level at $0.00001.
Crypto Tony's tweet advising potential investors to exercise patience.
The current price of $SHIB standing at $0.00000941.
The market cap, currently at $5,569,494,839.
The token burn rate seeing a significant increase in the past 24 hours.
The past week's burn rate seeing a decrease of 43.77%.
The total supply of SHIB currently standing at 589,347,382,786,671.
