- Technical Resistance: SHIB remains below $0.0000065, struggling to break key resistance levels.
- Burn Rate Impact: Daily burn declined 78%, slowing supply-driven momentum for price growth.
- Potential Rally: Analysts see a 30% upside if SHIB surpasses critical breakout levels.
Shiba Inu has been hovering around $0.0000060, up roughly 2% in the past 24 hours. Despite the modest gain, SHIB remains below the key $0.0000062 level, struggling to break through a major resistance zone. Sellers still dominate the market, holding the token back after months of sideways movement. Investors and traders are watching closely, hoping recent momentum combined with broader market recovery could spark a rebound.
Technical Resistance Holds SHIB Back
Shiba Inu has been facing long-term downward pressure since May 2025. While some ecosystem developments have emerged, sellers continue to control price action. The token rebounded slightly from multi-month lows, yet it remains trapped below resistance between $0.0000062 and $0.0000065. This barrier has prevented stronger bullish moves over the past weeks. The technical picture shows a consolidation pattern forming. MACD indicators remain positive, and the signal line trends upward.
The RSI sits near 66, signaling moderate bullish momentum without overbought conditions. Short-term buyers have pushed SHIB near $0.00000606 on the four-hour chart. Gradual upward candles indicate attempts to extend a rebound after prolonged consolidation. Another factor slowing growth is the sharp drop in the burn rate. Daily token burns have fallen by 78%, limiting how much SHIB leaves circulation.
Reduced burns weaken the supply dynamic, lowering bullish sentiment for traders who rely on scarcity to drive prices higher. Activity on Shibarium, the layer-2 ecosystem, has also slowed. Lower network participation reduces trading volume and limits momentum. Analysts point out that both lower burn activity and declining ecosystem use keep SHIB under the $0.0000065 barrier for now.
Broader Market Recovery Could Trigger a Rally
Despite the resistance, the wider crypto market shows improvement. Total market capitalization rose around 2.6%, approaching $2.44 trillion. Major coins like Bitcoin and Ethereum gained ground, climbing above $72,000 and $2,100, respectively. Positive momentum across the sector often benefits popular meme coins such as Shiba Inu.
Some analysts believe SHIB could stage a significant rebound if conditions improve. Breaking above $0.0000062 could boost confidence among short-term traders. A sustained push past $0.0000065 may open the path toward a potential 30% gain. Technical indicators suggest moderate bullish sentiment, while market recovery supports the possibility of stronger upward moves.
Shiba Inu remains below critical resistance levels, but recent price action shows signs of life. Reduced burn rates and lower ecosystem activity limit aggressive rallies. However, the broader crypto rebound and gradual technical momentum could help SHIB break through. Analysts see potential for a 30% rise if price clears $0.0000065 and maintains upward momentum over the coming weeks.
