Shiba Inu Price Forecast: Breakout Potential Fuels Bullish Sentiment

Shiba Inu’s price has surged with an inverse head and shoulders pattern formation, signaling potential for a substantial price increase if resistance levels are breached. A surge in burn rate further bolsters bullish sentiment as the token seeks to establish long-term sustainability. 4.7 million tokens were burned in 24 hours alone, amplifying the already positive impact on the supply dynamics.