Can Shiba Inu Recapture its Momentum? SHIB Tests Key Support for Potential Rally

Shiba Inu (SHIB) price is experiencing a notable surge, climbing over 7% to reach $0.00001288. This positive movement comes as the meme coin tests support near $0.000012. The increase suggests potential for further growth, though analysts are watching closely. Recent burn rate increases (+30%) and a rise in Shibarium TVL ($2.5M) have contributed to this recent surge in SHIB price. Analysts expect a potential rally toward the $0.000033 resistance if current support holds firm.