SHIB Burn Rate Drops 97% in 2026 but Price and Volume Send Mixed Signals
- Sharp Decline in Burn Rate: SHIB's burn rate plummeted by 97.83% over the last 24 hours, with only 3,777,885 SHIB burned, creating uncertainty around short-term supply pressure, despite a previous surge of over 173,000,000 SHIB burned in a single day that had briefly spiked the burn rate by over 12,000%.
- Strong Weekly Burn Data: Despite the significant daily decline, a total of 193,830,385 SHIB were burned over the past week, representing a 502.42% increase compared to the previous period, indicating that long-term supply reduction efforts remain intact despite daily volatility.
- Price and Volume Rebound: SHIB's price rebounded from $0.00000688 to $0.00000751, reflecting a 7.35% daily increase, while trading volume surged by 35.17% to $134,000,000, indicating active trader participation despite the slowdown in burn activity.
- Complex Market Sentiment: SHIB developer Kaal Dhairya emphasized a focus on rebuilding and long-term sustainability rather than speculative momentum, reflecting mixed signals across key indicators for SHIB's early 2026 performance, with weakened burn rates but strong price action.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB) As of , Shiba Inu (SHIB) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000308 | 0.00000407 | 0.00000525 | 0.00000624 | 0.00000742 | 0.00000841 | 0.00000959 |
| Fibonacci | 0.00000407 | 0.0000049 | 0.00000541 | 0.00000624 | 0.00000707 | 0.00000758 | 0.00000841 |
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