SpaceX Reportedly Preparing Record-Breaking IPO Targeting $1.5 Trillion Valuation 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
FxWirePro- Major Crypto levels and bias summary 
Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K 
SK Hynix Shares Surge on Hopes for Upcoming ADR Issuance 
BTC Bulls Defend $90,000 – One Fed Spark Away from $100K Explosion 
Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel 
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
Nvidia Develops New Location-Verification Technology for AI Chips 
Shiba Inu’s burn rate skyrocketed by 1,009%, eliminating 11.9 million tokens in the last 24 hours. The SHIB price is now testing the critical $0.000014 mark as bulls seek to break through key resistance in a rapidly recovering crypto market.
SHIB Burn Rate Explodes by 1,009%
Shiba Inu (SHIB) has seen its burn rate increase dramatically, increasing by a whopping 1,009% along with the token's price.
A total of 11,899,510 SHIB tokens have been burned in the past 24 hours, marking a rise of 1,009.27%, as reported by the Shibburn. The burn rate rise couldn't have come at a better time, given the recent uptick in the value of Shiba Inu.
Shiba Inu Reflects Bitcoin-Led Market Recovery
As Bitcoin and the cryptocurrency market as a whole continued their earlier recovery, Shiba Inu hit the $0.000014 milestone in weekend trade.
Bitcoin's price reached a new all-time high of $60,770 on Friday, its highest level since early September, as investors hoped for a massive rate announcement at the Federal Reserve's next meeting.
The price of SHIB increased 1% to $0.0000137 in the past 24 hours and 6% in the past week, as reported by U.Today. After falling to a low of $0.00001231 on September 6, Shiba Inu began to rise and has been in the green for six days running up until it encountered resistance near $0.000014.
The bulls have been holding firm for the previous day, but the buyers are currently attempting to push Shiba Inu over the daily SMA 50 at $0.000014.
Bulls Push SHIB Toward Key Resistance at $0.000016
Keep an eye out for a clear breakout over the important resistance at the daily SMA 50, which is $0.000014, if you're looking for an upside. Buyers need to break over this barrier before SHIB can acquire momentum and rocket to $0.000016.
This level is expected to be crossed, even if the bears attempt to obstruct the upward trend. After this is done, Shiba Inus can try to break through the $0.00003 level and go for the $0.000021 level at the daily SMA 200.
The bears, in contrast, may try to bolster their position by pushing SHIB prices lower than the $0.000013 support level. If they are successful, it will signal that the bears have returned. Next, SHIB might hit $0.000011, and after that, $0.000010.
