- Over the past 24 hours, the rate of memcoin burning Shiba Inu fell 90,21%.
- Despite the fact that the SHIB supply has decreased by 41,08%, the price of the meme token is still in a downtrend.
Memcoin burn rate over the last 24 hours Shiba Inu (SHIB) fell 90,21% to 167,246 tokens, a stark contrast to the high burn rates earlier in the week.
Since release shib 41,08% of the initial supply of one quadrillion tokens was irrevocably destroyed. So the long-term trend of supply reduction remains. However, the burn rate is too volatile to be used as a reliable price catalyst.
Now Shiba Inu is trading at $0,0000059, holding at the bottom of a downward channel that has remained unchanged since September 2025.
The descending channel, originating from the September peak at $0,000015, still holds. The upper boundary is currently at $0,0000075, and the lower boundary is at $0,0000040. SHIB has been trading in the lower third of the channel since February.
The SAR indicator has remained bearish at $0,0000627 since October and has remained unchanged. All attempts to rise over the past six months have stalled before reaching this level. If the price closes above $0,0000627, it will be the first SAR change since the fall of 2025 and the clearest sign that the channel is weakening. Until then, the nearest obstacle will be $0,0000591 on the 20-day exponential moving average, while the lower boundary of the channel at $0,0000400 will limit the decline until April.
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