Shiba Inu (SHIB) is currently trading at $0.00001189, experiencing a 2.6% decline over the past week. Despite this, the token has seen a slight hourly increase of 0.23%, reaching $0.00001193. SHIB's market cap stands at $7.03 billion, with the token trading within a tight range, supported at $0.00001158 and facing resistance at $0.00001192. Notably, the past week has seen a significant rise in token burns, with 8.6 million SHIB tokens burned, marking a 280.95% increase. This activity has kept the price within a critical demand zone, as traders closely monitor for any potential breakout or breakdown in the near term.