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Shiba Inu Price Prediction: SHIB Loses Channel Support as Burn Rate Falls 78% in Seven Days
May 19, 2026
< 1 min read
by Parshwa Turakhiya
for CoinEdition
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- SHIB fell below all four EMAs with the SAR bearish at $0.0000644, erasing the channel recovery that built through April and early May
- The 7-day burn rate collapsed 77.97% after the May 15 spike of 28M tokens, confirming that event was a one-off rather than sustained community burning
- Open interest rose 8.28% to $51.97M as volume dropped 30.48%, with new positions being built into a declining price
Shiba Inu trades at $0.0000578 on May 19, breaking below the rising channel that held since February and losing all four EMAs in the same move, as the burn rate crashes 78% week-over-week and macro pressure from rising Treasury yields hits risk assets across the board.
Is SHIB’s Channel Recovery Over? What the Daily Chart Shows
SHIB held a rising channel from the February lows and spent most of April and May buildin…
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