SHIB News: Burn Rate Surge Sparks Bullish Rally Expectations

Shiba Inu's [SHIB] burn rate has experienced a remarkable increase, fueling speculation of a potential bullish rally. Read on to learn more about this exciting development.

Shiba Inu's Burn Rate Surges 580%, Potentially Fueling a Bullish Rally

Shiba Inu's [SHIB] burn rate has skyrocketed by 580.76% in the last 24 hours, significantly reducing its circulating supply. This surge, coupled with strong support levels, has traders anticipating a potential price rebound. The token has already rebounded from its key support zone, indicating strong buying interest. market sentiment, although mixed, is favoring bullish momentum due to the increasing burn rate and liquidation trends.

Shiba Inu Forecast to Potentially Reclaim ATH in 2026

Shiba Inu (SHIB) reached an all-time high of $0.00008616 in October 2021 but has since fallen by 82.4%. Despite brief rallies, such as in March 2024 when Bitcoin climbed to a new high, SHIB's price has struggled to maintain momentum. However, according to Telegaon, there is a possibility that SHIB may reclaim its all-time high price level sometime in 2026.

Shiba Inu Faces Further Downside Risks Due to Multiple Factors

Shiba Inu’s price is facing further downside risks primarily due to a sharp drop in Shibarium activity, a collapse in the burn rate, and other factors. However, a predominantly negative exchange netflow suggests that investors might be moving SHIB off exchanges into self-custody, potentially easing selling pressure and hinting at a short-term price rebound. The meme coin has not been in good shape lately, with its price falling over 25% in the past month and currently trading at roughly $0.00001543. Key elements indicate a possible deeper correction, including decreased Shibarium activity where daily transactions have dropped significantly.

Shiba Inu Price Continues 10-Week Downtrend Amid Losses

Shiba Inu has been on a 10-week downtrend, failing to attract new investments and experiencing a significant loss in confidence. The downtrend, combined with an overall lack of growth, is causing investors to lose interest in the token. The adoption rate for Shiba Inu has dropped to a four-year low, with SHIB failing to deliver significant growth over the past two months. This decline reflects waning interest in the token, as potential investors hesitate to commit to an asset showing minimal movement. The lack of strong incentives for new participants contributes to SHIB's stagnant price action, further increasing the altcoin's struggles.