The price of the Shiba Inu meme coin continues to retreat from resistance around the $0.00000966 level, down 13.87% to $0.00000830. The increasing rate of coin burning for deflationary purposes has not yet had a significant impact on its momentum, confirming the continued dependence on Bitcoin's dynamics.
The inability of the bulls to overcome the local resistance near the level of $0.00000867 indicates the risks of SHIB's decline towards $0.00000800, but in case of a slowdown in inflation in the U.S. it is possible to break through the resistance and price growth towards $0.00000900.
Source: Shiba Inu (SHIB) price prediction.