Shiba Inu Shows Potential Rebound Amid Key Support Defense

The Shiba Inu (SHIB) ecosystem is displaying encouraging signs of price rebound, with key support levels being defended and a sharp increase in token burn rate providing positive signals. On-chain data reveals that the increased burn rate suggests a bullish market structure, while whale accumulation further strengthens these trends. This combination points towards a potential shift in SHIB’s price trajectory, impacting broader market sentiment, particularly among meme coin investors.