SHIB Clings To Trendline Support As Burn Rate Drops 44%

• Shiba Inu trades at $0.00000562, down 0.53%, pressing against a rising trendline on the 30-minute chart as RSI holds at 43.17.
• Volume surges 112.57% to $333.46M while open interest falls 1.79% to $61.16M, with longs absorbing $240.44K in 24-hour liquidations.
• Burn rate drops 44.44% to 2.95 million SHIB in 24 hours as 410.75 trillion tokens remain permanently removed from supply.

Shiba Inu price today trades near $0.00000562, down 0.5%, as price pulls back from a session high of $0.00000610 and returns to test a rising trendline that has held since early March. The daily chart remains locked inside a months-long descending channel with the Supertrend bearish at $0.00000630, but the short-term structure shows buyers defending a critical support zone that has contained the downside for several days.

The daily picture has been unrelentingly bearish since the August 2025 peak near $0.00001500. The MFI on the daily timeframe sits at just 25.18, deep in oversold territory, which historically marks zones where at least a short-term relief bounce becomes likely. The descending channel lower boundary is now approaching current price levels, compressing price into a decision point over the coming sessions.

30-Minute Chart: Trendline Test After Sharp Reversal

The 30-minute chart shows SHIB forming a clear ascending trendline from the March 8 lows near $0.00000525, with price rallying sharply to $0.00000610 on March 10 before reversing back to test trendline support at current levels. RSI sits at 43.17 with the signal line at 41.60, both below 50 but showing no further deterioration yet.

The MACD on the 30-minute frame is compressing near the zero line following the pullback from highs, which typically precedes the next directional move. A hold of the trendline and a MACD cross back above zero would set up another attempt at $0.00000580 to $0.00000610. A break below the trendline invalidates the short-term recovery structure entirely.

Key levels:

• Rising trendline support: ~$0.00000555 rising
• Immediate resistance: $0.00000580
• Session high resistance: $0.00000610
• Supertrend resistance: $0.00000630
• Daily channel lower boundary: ~$0.00000530

Burn Rate Falls 44% As Supply Removal Slows

The burn rate dropped 44.44% over the last 24 hours to 2.95 million SHIB, continuing a trend of declining token removal that has removed a key narrative catalyst from recent sessions. Total burnt from the initial supply stands at 410.75 trillion SHIB out of a max supply of 999.98 trillion, with circulating supply at 585.47 trillion and 3.77 trillion staked as xSHIB.

The latest burn transactions show scattered activity, with the largest recent burn sending 1.29 million SHIB to the burn address 23 hours ago. Burn momentum has consistently failed to accelerate at the pace that has historically supported SHIB price rallies, leaving the token reliant on broader market conditions rather than supply-side catalysts to drive any recovery.

Derivatives: Volume Spike Masks Weak Open Interest

Volume surged 112.57% to $333.46M, a significant jump that reflects the sharp intraday move to $0.00000610 and subsequent reversal. However, open interest declined 1.79% to $61.16M, suggesting the volume came from position closures rather than fresh conviction entering the market.

The long/short ratio sits at 1.07 across the market, nearly balanced, while OKX accounts show a ratio of 2.03 reflecting stronger retail long bias on that exchange. The liquidation split over 24 hours shows longs absorbed $240.44K against $93.42K for shorts, meaning the move down from session highs caught overleveraged longs off guard. Until open interest starts rebuilding alongside price, the rally lacks a durable foundation.

Outlook: Will Shiba Inu Go Up?

• Bullish case: SHIB holds the ascending trendline on the 30-minute chart above $0.00000555, MACD crosses back above zero, and price reclaims $0.00000580. A sustained push above the Supertrend at $0.00000630 would be the first meaningful trend change signal on the daily chart.
• Bearish case: A break below the rising trendline and the $0.00000550 support zone brings the daily channel lower boundary near $0.00000530 back into focus. Failure there exposes the $0.00000500 level, which if broken would mark new multi-year lows for SHIB.