SHIB Outlook Turns Cautious as Lower Burn Activity Signals Potential Downside

SHIB burn activity fell over 60%, weakening supply-side support for the token. Bearish technical indicators suggest continued pressure around the $0.000010 level. A break below $0.00000950 could expose SHIB to roughly 12% downside. Shiba Inu faces growing pressure as declining burn activity weakens a key bullish factor. SHIB currently trades near a crucial support zone around $0.000010. Meanwhile, technical indicators point toward wea…