SHIB News: Token Burn Surge Fails to Lift Prices Amid Bearish Market Trends

Shiba Inu Faces Bearish Pressure Despite Token Burn Surge

Shiba Inu (SHIB) has seen a remarkable surge in token burn activity, increasing by 2532.14% in the past 24 hours. This surge aims to reduce the circulating supply and theoretically drive up the cryptocurrency`s value due to scarcity. However, despite this, Shiba Inu has continued to face downward price pressure, trading at $0.00001469 with a notable decline of 6.16% in the past 24 hours. The sharp drop indicates that even such massive burn efforts have not been enough to reverse the current bearish sentiment in the market.

Shiba Inu Memcoin Poised for 400% Rise as Burn Rate Increases

Volatility over the past 24 hours has seen Shiba Inu (SHIB) decline slightly by 9.41% to $0.00001355. However, the rate of token burns has increased, with 13 memcoins burned in the last 24 hours, up 938% from the previous burn. To date, 410 trillion tokens have been withdrawn from circulation, significantly reducing the supply. Despite this, the token price is currently below the 20-day EMA of $0.00001570, indicating further declines. If SHIB fails to hold above $0.00001350, the next support level will be of concern.

Shiba Inu (SHIB) Shows Mixed Signals Amid Monthly Decline

Shiba Inu (SHIB) has experienced a 30% price drop in February 2025, trading below $0.000020. The market capitalization has decreased to $8.25 billion. Technical indicators suggest mixed signals, with the Relative Strength Index (RSI) recovering from oversold levels, hinting at a possible trend reversal in the near future. However, challenges remain for SHIB holders.

Shiba Inu Charts Signal Rare 450% Opportunity

Shiba Inu holds a breakout, targeting $0.000081, a potential 450% increase. `Shib: The Metaverse` launches on web browsers, with mobile optimization currently in progress. The price chart is poised for a full-blown breakout echoing the bullish momentum of late 2022 and early 2023. Unlike typical meme coin volatility, SHIB exhibits a sustained upward trajectory, fueling speculation of a massive price surge. Analysts project a 450% climb toward the $0.000081 target.