- SHIB price weakens as momentum fades and the token trades within a narrow range.
- Burn rate stalls for two days, removing a key narrative supporting short-term optimism.
- Key support near $0.0000054 now determines whether recovery or deeper decline follows.
Shiba Inu continues drifting lower as traders watch fading momentum across the market. Recent price movement shows hesitation rather than strong conviction from buyers. Sellers still control direction across most sessions. At the same time, burn activity has slowed sharply, drawing attention from the community. Supply reduction once supported bullish narratives during short rallies. With burn metrics now showing zero activity for two days, traders shift focus toward price structure and overall crypto sentiment.
Burn Activity Pauses as supply Reduction Narrative Weakens
Shiba Inu traded near $0.00000549 at the time of writing. The token slipped roughly 2.9% during the last 24 hours. Recent performance also shows broader weakness across longer time frames. The memecoin dropped about 6.2% over the past week. Losses stretch further to roughly 12.5% during the last two weeks. Daily price movement remains very tight. SHIB currently trades between $0.000005454 and $0.000005661.
Another development has captured community attention. SHIB burn activity slowed dramatically during the last two days. The burn mechanism removes tokens permanently by sending them to inaccessible wallets. No user can retrieve or spend those coins again. Supporters often view burning as a long term supply reduction strategy. Reduced supply may support price growth over time if demand increases.
However, recent data shows no measurable burn activity during the last two consecutive days. SHIB’s Official metrics confirm that supply has not meaningfully decreased during that period. Some small transfers still reached burn addresses. Those transfers remained too small to influence the official burn rate. Earlier during the week, burn activity briefly surged by a massive percentage.
Bearish Trend Keeps Pressure on Shiba Inu Price
Price structure still shows a broader downward trend. SHIB trades far below the peak reached during October 2021. That rally once pushed price to about $0.00008616 during the height of the meme coin boom. Current levels highlight how much value disappeared since that period. During recent weeks, the memecoin attempted several small rebounds. Each bounce remained limited and short lived.
Selling pressure returned quickly after each attempt. This pattern usually signals weak bullish conviction among traders. Trading volume has also remained relatively quiet. Lower activity often appears when investors wait for stronger signals before committing funds. Market participants now focus on key support and resistance levels for guidance. The most important support zone sits near $0.0000054. Price currently trades very close to that level.
If buyers defend this area successfully, a gradual recovery could begin. In such a scenario, traders will monitor resistance near $0.0000068. A breakout above that level could open the door for stronger upside movement. Further targets appear near the psychological level of $0.00001. Beyond that area, additional resistance levels stand around $0.000013, $0.000016, and $0.000022.
