{"id":11899,"date":"2025-09-26T19:21:20","date_gmt":"2025-09-26T19:21:20","guid":{"rendered":"https:\/\/bitunikey.com\/news\/shiba-inu-price-recovery-in-sight-as-burn-rate-rockets-7200\/"},"modified":"2025-09-26T19:21:24","modified_gmt":"2025-09-26T19:21:24","slug":"shiba-inu-price-recovery-in-sight-as-burn-rate-rockets-7200","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/shiba-inu-price-recovery-in-sight-as-burn-rate-rockets-7200\/","title":{"rendered":"Shiba Inu price recovery in sight as burn rate rockets 7,200%"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Shiba Inu price bottomed at a crucial support level, with the soaring burn rate and whale buying, and falling exchange reserves pointing to an eventual rebound.<\/p>\n<div id=\"cn-block-summary-block_2fa4d5150e48550fceac714cdfa37298\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Shiba Inu price could rebound as the burn rate soars.<\/li>\n<li>Whale have continued to accumulate SHIB coins.<\/li>\n<li>The balances of Shiba Inu coins in exchanges has plunged.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Shiba Inu (SHIB) token was trading at $0.00001180 on Friday, Sep. 26, its lowest level since Aug. 2.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Soaring burn rate and whale buying, falling exchange reserves<\/h2>\n<p>SHIB could be about to rebound as key fundamental catalysts align. Data compiled by Shiburn shows that the burn rate jumped by 7,200% on Friday to 7.06 million coins.<\/p>\n<p>The burn rate jumped as one user sent 6 million SHIB to a burn address in three transactions. This burn brings the cumulative incinerated tokens to over 410 billion and the current circulating supply to 584 billion.<\/p>\n<p>Another bullish metric is that whales have continued to accumulate SHIB, a sign that they expect it to rebound. Whales now hold 89 billion SHIB, up from this month\u2019s low of 28 billion.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The closely-watched s<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.nansen.ai\/token-god-mode?tokenAddress=0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce&amp;chain=ethereum&amp;tab=exchanges\" target=\"_blank\" rel=\"nofollow\">mart money investors<\/a> who have a reputation of executing profitable trades have also boosted their positions. They have added their holdings by 105% in the last 30 days to 12.46 billion coins.<\/p>\n<p>The ongoing accumulation likely explains why the amount of Shiba Inu Coins in exchanges has dropped to 283 trillion, down from 297 trillion in July.<\/p>\n<p>These metrics are signs that investors expect the coin to rebound after falling by double digits this year.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Shiba Inu price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">SHIB price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart shows that the SHIB price has moved sideways in the past few weeks. It has formed a symmetrical triangle pattern whose two lines are about to converge. The coin moved below the lower side of this pattern during the ongoing crypto market crash<strong>. <\/strong>While this is a bearish move, it may also be a false breakout.<\/p>\n<p>Shiba Inu\u2019s Relative Strength Index and Chande Momentum Oscillator have moved to their lowest levels since June. The last time this happened, the coin rebounded by double digits.<\/p>\n<p>Therefore, there is a likelihood that SHIB will rebound in the coming days. If this happens, the coin will likely rally and hit the important resistance at $0.0001477, the highest point on Sept. 14.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu price bottomed at a crucial support level, with the soaring burn rate and whale buying, and falling exchange reserves pointing to an eventual rebound. Summary Shiba Inu price&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11899"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11899\/revisions"}],"predecessor-version":[{"id":11901,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11899\/revisions\/11901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11900"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}