Shiba Inu Price Watch: Exchange Reserves Drop, Fueling Speculation

The Shiba Inu price is under the spotlight as falling exchange reserves and increased token burns spark speculation. Recent developments suggest that fewer SHIB tokens are being traded on exchanges, indicating a potential shift in investor sentiment. This comes amid an increase in burning activity, which has lowered the circulating supply of the coin. Analysts are closely monitoring key levels on the technical charts for clues about the future trajectory of the price.