Shiba Inu price is grappling with a critical support level in the daily timeframe as the SHIB burn rate spikes by 1000%. The meme coin has been facing downward pressure for some time now, with a death cross flashing on its price chart. Nevertheless, SHIB technical analysis shows traders are neutral to bullish in the short to mid-term. A break past certain key levels will confirm a bullish reversal for the crypto asset.