Shiba Inu Price Prediction: SHIB Stuck At $0.0000058 As Burn Rate Collapses 89%
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SHIB trading $0.0000058 (Apr 7), +0.51%; remains inside a descending channel since Sept 2025 with SAR and Supertrend converging around $0.0000622–$0.0000630, highlighting continued technical weakness. - 24h token burn rate collapsed 89.17% (Robinhood-sourced burns noted), reducing deflationary pressure on the token and posing downside risk to tokenomics. - Broader meme coin market cap recovered to $30.82B (+8.94% over 30 days) but SHIB has not followed, signaling weak adoption/momentum despite sector recovery (crypto, meme coin, token burn, market cap).
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- SHIB trades at $0.0000058, up 0.51%, with SAR and Supertrend converging at $0.0000622 to $0.0000630.
- The 24h burn rate dropped 89.17%, with Robinhood-sourced burns appearing in the latest transaction log.
- The meme coin market cap recovered to $30.82B, up 8.94% over 30 days, but SHIB has not followed.
Shiba Inu trades at $0.0000058 on April 7, holding near the lower third of a descending channel that has been intact since September 2025 while the broader meme coin market quietly recovers. The meme coin market cap sits at $30.82B, up 8.94% over the past 30 days, giving SHIB a rising sector backdrop even as its own chart remains under pressure.
SHIB Daily Chart: Channel Holds As SAR And Supertrend Converge
The descending channel from the September 2025 peak near $0.000015 continues to define SHIB’s price structure. T…
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