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Shiba Inu price tests key support at $0.00000426 amid 49% rise in token burns this week

Market News
10 Nov 2026, 14:52 WIB
Dailycoin
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Neutral
Shiba Inu price tests key support at $0.00000426 amid 49% rise in token burns this week

Shiba Inu (SHIB) price is testing the $0.00000426 support level as broader crypto market weakness puts pressure on the token. A hold at this level could stabilize the price, while a break might lead to further declines. Meanwhile, SHIB burn activity rose 49% over the past week, but the total tokens burned remain a small fraction of the supply, limiting impact on circulating supply. The token's near-term direction depends largely on overall crypto sentiment rather than token-specific factors.

As of Nov 10, 2026 20:02 WIB, Shiba Inu (SHIB) trades at Rp0,0804 on Pluang, showing a modest 0.29% gain over the past day. Market activity leans slightly toward buying with 56% of orders, and the circulating supply stands at 589.2 trillion tokens. The token's market cap is Rp47,25 trillion, highlighting its significant presence despite the recent price pressure noted in the news.

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