SHIB fails to break $0.000006 resistance despite 17,000% burn-rate spike

  • SHIB repeatedly tested resistance near $0.000006 without breaking above it.
  • 17,000% was the increase in SHIB’s burn rate on October 3.
  • SHIB’s October 3 burn event removed a large amount of tokens.

Shiba Inu (SHIB) has repeatedly tested resistance near $0.000006 this month without confirming a breakout above the level. The lack of a decisive move persisted despite a 17,000% increase in SHIB’s burn rate on October 3, when a large amount of tokens was removed.

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