Shiba Inu Price Prediction: Burn Rate Explodes As SHIB Bounces 5% From Lows

• SHIB bounced roughly 5% from the lower channel boundary, but remains below Supertrend and key EMA resistance.
• Burn rate surged more than 3.9 million percent in 24 hours, though the absolute supply impact remains limited.
• Intraday momentum shows stabilization, not reversal, with rallies capped below the $0.0000086 trend barrier.

Shiba Inu price today trades near $0.00000738 after rebounding roughly 5% from the lower boundary of its descending channel. While the bounce offers short-term relief, the broader structure remains under pressure as SHIB continues to trade below key trend indicators and dynamic resistance levels.

Burn Rate Spikes Over 3.9 Million Percent In 24 Hours

SHIB recorded a dramatic surge in burn activity, with Shibburn data showing a 3,915,071.74% increase in the burn rate over the past 24 hours. During that period, 21,611,748 SHIB tokens were pe…

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