Shiba Inu Token Burn Rate Increases Amid November Price Recovery
Token Burning Activity: Shiba Inu has initiated significant token burning in November, with over 1 million tokens burned in 24 hours, despite an 86.53% drop in the daily burn rate. The weekly burn rate, however, increased by 139.46%, totaling over 61 million tokens burned.
October Performance: October was challenging for Shiba Inu, with a nearly 16% decline, marking its first negative October in years, contrasting with the typical growth seen in Q4 for cryptocurrencies.
Current Market Status: As of now, SHIB is trading at $0.00001, facing resistance at $0.0000113 and support around $0.000009. Analysts are monitoring its ability to break resistance for a potential recovery.
Historical Performance Insights: November has shown mixed results for SHIB in the past, with significant declines in 2021 and 2022, but a gain in 2023. The inconsistent historical performance makes November 2025 particularly noteworthy for traders.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN) As of , TokenFi (TOKEN) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TOKEN 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, TOKEN 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 $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000703 | 0.00176 | 0.00258 | 0.00364 | 0.00447 | 0.00552 | 0.00635 |
| Fibonacci | 0.00176 | 0.00247 | 0.00292 | 0.00364 | 0.00436 | 0.0048 | 0.00552 |
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