Shiba Inu Price Primed for Rebound as SHIB Burn Rate Skyrockets 1,800%

Shiba Inu's burn rate just went supernova—could this be the spark for a SHIB price surge?

Tokenomics on fire

A staggering 1,800% spike in SHIB burns sends deflationary signals through the meme coin's ecosystem. Fewer tokens in circulation typically means one thing for crypto assets: upward pressure.

Market mechanics at play

While burn rates make for great headlines, remember this golden rule of crypto investing: even the most aggressive token burns can't outpace a bear market's appetite for destruction. (But hey, at least it's more productive than Wall Street's usual 'burn rate'—those startup equity bonfires.)

The dogecoin killer's next move

All eyes now turn to whether SHIB can transform this supply shock into sustainable momentum. One thing's certain—in crypto, when the crowd smells smoke, they come running with gasoline.

Shiba Inu price technical analysis

The three-day chart shows that SHIB has been stuck in a tight range for the past several weeks. It is now trading below both the 50-day and 100-day moving averages, a bearish signal.

More notably, shiba inu has formed a bearish pennant pattern, characterized by a vertical flagpole and a converging symmetrical triangle. The triangle is nearing its apex, which suggests a breakout may be imminent, and in this case, likely to the downside.

If a breakdown occurs, the next key support to watch is $0.00001022, SHIB’s lowest level this year. A drop below that could open the door to further downside pressure in the NEAR term.