Shiba Inu Price Prediction: SHIB Clings To Trendline Support As Burn Rate Drops 44%

Market Analysis Price Prediction Shiba Inu News

Mar 11, 2026

< 1 min read

by Parshwa Turakhiya

for CoinEdition

Shiba Inu Price Prediction: SHIB Clings To Trendline Support As Burn Rate Drops 44%

AI Overview

SHIB (crypto) trades at $0.00000562 (-0.5%), retreating from a session high of $0.00000610 and testing a rising trendline since early March; daily chart remains in a months‑long descending channel with Supertrend bearish at $0.00000630 and RSI ~43.17. Trading metrics show volume up 112.57% to $333.46M while open interest fell 1.79% to $61.16M; 24h long liquidations ≈ $240.44K, signaling active but mixed derivatives flow. Tokenomics weaken: burn rate dropped 44.44% to 2.95M SHIB in 24h, with 410.75 trillion SHIB reported permanently removed — reduced burn may weigh on scarcity/adoption narratives.

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Shiba Inu trades at $0.00000562, down 0.53%, pressing against a rising trendline on the 30-minute chart as RSI holds at 43.17.
Volume surges 112.57% to $333.46M while open interest falls 1.79% to $61.16M, with longs absorbing $240.44K in 24-hour liquidations.
Burn rate drops 44.44% to 2.95 million SHIB in 24 hours as 410.75 trillion tokens remain permanently removed from supply.

Shiba Inu price today trades near $0.00000562, down 0.5%, as price pulls back from a session high of $0.00000610 and returns to test a rising trendline that has held since early March. The daily chart remains locked inside a months-long descending channel with the Supertrend bearish at $0.00000630, but the short-term structure shows buyers defending a critical support zone that has contained the downside for several days.