Shiba Inu (SHIB) Approaches Major Resistance Level with Burn Activity Surge

Shiba Inu (SHIB) is on the verge of a major price movement as it approaches a critical sell wall between $0.000016 and $0.000019. 516.12 trillion SHIB tokens have been accumulated in this range, held by 116,430 addresses, creating potential for selling pressure if the price reaches their break-even levels. However, active burn activity is pushing SHIB prices higher. Over 15.82 million tokens were burned in 24 hours, contributing to a reduction in circulating supply and fueling buyer momentum.