Shiba Inu in spotlight amid 972% spike in burn rate
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Shiba Inu is currently locked in a range between its daily SMA 200 and 50, at $0.0000187 and $0.0000259, respectively. On the upside, SHIB may need to break beyond $0.0000223 to maintain the current rebound, with stronger resistance at $0.000024. A break in either way above the daily SMAs 200 and 50 would define Shiba Inu's next move. A break over the daily SMA 50 would signal a Shiba Inu recovery, sending the price to $0.00003 or maybe $0.000033.Shiba Inu is currently down 18.59% for December, marking its first monthly decline since September when it embarked on a rally.
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