Shiba Inu (CRYPTO: SHIB) is up 2% in Wednesday trading and continues to burn tokens, fueling trader speculation about positive price action on the horizon. What Happened: Data from Shibburn shows Shiba Inu’s burn rate increasing by 3,674%in the past 24 hours. 53 million SHIB were burned, including 28.8 million and 14.7 million SHIB in two separate transactions. Trader World Of Charts foresees a strong 150-200% upward push for Shiba Inu if the token can sustain its breakout. Also Read: Shytoshi Kusama Promotes S.H.I.B As Elon Musk Touts D.O.G.E — Shiba Inu Rallies 10% Amid Broader Crypto Gains …