Shiba Inu Price Prediction: SHIB Burn Rate Explodes 191% As Double Bottom Targets $0.00000650

Market Analysis Price Prediction Shiba Inu News

Mar 30, 2026

< 1 min read

by Parshwa Turakhiya

for CoinEdition

Shiba Inu Price Prediction: SHIB Burn Rate Explodes 191% As Double Bottom Targets $0.00000650

AI Overview

SHIB rose 4.15% to $0.00000603 after a March 30 token burn spike of 3,135,154 SHIB (+191.10%), marking the largest single-day burn in weeks and forming a 30‑minute double bottom targeting ~$0.00000650. - Derivatives activity picked up: futures volume surged ~46.7% to $131.93M and open interest climbed 6.66% to $57.28M, with $113.97K of long liquidations — signaling increased liquidity and trader participation. - Daily technicals show Supertrend and SAR converging at $0.00000630–$0.00000632 as the six‑month channel is tested, relevant for crypto token price action and market structure risk.

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SHIB trades at $0.00000603, up 4.15%, pressing into the Supertrend at $0.00000630 and SAR at $0.00000632 on the daily chart.
The burn rate jumped 191.10% in 24 hours with 3,135,154 SHIB removed from supply, the sharpest single-day spike in weeks.
Futures volume surged 46.73% to $131.93M while OI climbed 6.66% to $57.28M, with longs absorbing $113.97K in liquidations over 24 hours.

Shiba Inu’s burn rate spiked 191% on March 30, removing over 3.1 million tokens in a single day, and the 30-minute chart responded with a double bottom that has since pushed SHIB up 4.15% to $0.00000603. The daily Supertrend and SAR are converging at $0.00000630 to $0.00000632, and futures volume jumped nearly 47% alongside the move, suggesting this is not just a low-volume drift higher.