Shiba Inu Price Prediction: SHIB Burn Rate Explodes 1034% But Price Still Fails At $0.0000648
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On May 15 Shiba Inu traded at $0.00000625 as a single wallet burned 25.04M SHIB, driving the 24‑hour burn rate up 1034% and the 7‑day rate up 132%, highlighting continued token burn activity and on‑chain supply dynamics. Derivatives data show stress at resistance with open interest down 14.81% to $56.58M and longs absorbing $93,840 in liquidations versus $16,110 for shorts, while CMF sits at -0.15 and price repeatedly fails at the 0.5 Fib $0.0000648, signaling short‑term downside risk for the crypto token despite burn-driven supply metrics.
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- One wallet burned 25.04M SHIB in a single transaction, pushing the 24h burn rate up 1034% and the 7-day rate up 132%
- Open interest dropped 14.81% to $56.58M as longs absorbed $93.84K in liquidations against just $16.11K for shorts at resistance
- CMF sits at -0.15 with price stalling at the 0.5 Fib at $0.0000648, the same zone that rejected every breakout attempt since April
Shiba Inu trades at $0.00000625 on May 15, pressing the same resistance band that has turned price away three times since April, as a single wallet burns 25 million tokens overnight and pushes the 24-hour burn rate up 1034% while derivatives data shows longs getting squeezed at the ceiling.
Is SHIB Ready to Break $0.0000648? What the Daily Chart Shows
SHIB price has been grinding inside a rising channel since the February lows near $0.00000…
Read The Full Article Shiba Inu Price Prediction: SHIB Burn Rate Explodes 1034% But Price Still Fails At $0.0000648 On Coin Edition.
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