Shiba Inu Token Burns Surge as November Price Recovery Takes Shape

Shiba Inu has kicked off November with significant token burning activity, sparking renewed optimism among investors following a difficult ￰0￱ meme cryptocurrency burned over 1 million tokens in the past 24 hours, according to data from ￰1￱ blockchain data shows 1,069,637 SHIB tokens were removed from circulation in the last day. However, the daily burn rate fell by 86.53% during this ￰2￱ seven-day burn metric tells a different story. A total of 61,170,467 SHIB tokens were burned over the past week, representing a 139.46% increase in the weekly burn ￰3￱ Losses Set Stage for November Recovery October proved challenging for Shiba Inu ￰4￱ token recorded a nearly 16% decline, marking its first red October in several ￰5￱ performance occurred during Q4, typically a period of positive growth for cryptocurrency ￰6￱ press time, SHIB trades at $0.00001, down 1.3% in the last 24 ￰7￱ token faces immediate resistance at $0.0000113, with a secondary barrier at $0.0000126.

Support levels hold in the $0.000009 ￰8￱ analysts note the asset remains in consolidation ￰9￱ Price,