Shiba Inu Price Prediction: SHIB Volume Explodes 149% but Burn Rate Drops 62% in One Week

• SHIB derivatives volume jumped 149% to $248.64M with open interest up 10%, signaling fresh positioning at a key resistance level
• Weekly burn rate crashed 62% from 11.5M tokens on May 1 to under 1M by May 8, gutting the supply-reduction case right at the breakout zone
• Price is pressing the $0.0000660 resistance band with the Supertrend bullish at $0.0000587, but the 100 and 200 EMAs still sit overhead

Shiba Inu trades at $0.00000653 on May 11, one candle away from a resistance zone it has failed to break three times this year, as derivatives volume explodes 149% and the weekly burn rate quietly collapses 62% in the same week.

Shiba Inu Daily Chart: Resistance Test With EMAs Still Overhead

The daily chart shows SHIB has recovered sharply from the February lows near $0.0000052, grinding higher inside an ascendin…

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