Shiba Inu Price Prediction: SHIB’s First Bullish Signal Since February Arrives With Burns Fading Fast
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SHIB trades $0.0000593 on April 20 (+0.34%), pressing the middle Bollinger Band at $0.0000598 as the daily MACD posts its first bullish cross since February — positive technical signal for price recovery (crypto, technical indicator, token). Token burn activity fell 32.21% over 24h after spiking to ~780,000 SHIB/hour and a 7‑day peak of 26M SHIB on April 17; burns hit near‑week lows April 18–20, reducing short‑term deflationary pressure (token burn, adoption, market impact).
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- SHIB trades at $0.0000593, up 0.34%, pressing the middle Bollinger Band at $0.0000598 with the MACD turning positive for the first time since February.
- The 24h burn rate dropped 32.21%, peaking near 780,000 SHIB per hour at 12:00 before fading to near zero overnight.
- The 7-day chart peaked at 26M SHIB on April 17 with April 18 through 20 printing near the lowest readings of the week.
SHIB trades at $0.0000593 on April 20, up 0.34%, pressing the middle Bollinger Band at $0.0000598 while the MACD prints its first bullish cross on the daily since February and burns drop 32% in 24 hours after spiking to 26M SHIB on April 17.
SHIB Daily Chart: MACD Turns Positive As Price Tests The Middle Bollinger Band
The descending channel from the April 2025 peak has been the dominant structure throughout. Price has been recovering…
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