{"id":16027,"date":"2025-11-15T12:46:02","date_gmt":"2025-11-15T12:46:02","guid":{"rendered":"https:\/\/bitunikey.com\/news\/will-shiba-inu-price-rebound-as-burn-rate-surges-and-exchange-reserves-dip\/"},"modified":"2025-11-15T12:46:07","modified_gmt":"2025-11-15T12:46:07","slug":"will-shiba-inu-price-rebound-as-burn-rate-surges-and-exchange-reserves-dip","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/will-shiba-inu-price-rebound-as-burn-rate-surges-and-exchange-reserves-dip\/","title":{"rendered":"Will Shiba Inu price rebound as burn rate surges and exchange reserves dip?"},"content":{"rendered":"
\n

Shiba Inu price remained under pressure as the crypto market pulled back despite having some important fundamentals, such as the rising burn rate and falling exchange balances.<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • Shiba Inu price is hovering above a key support level on the daily chart.\u00a0<\/li>\n
  • The token\u2019s burn rate has jumped by almost 2,000% in the last 24 hours.<\/li>\n
  • The supply of SHIB tokens on exchanges has been in a freefall in the past few weeks.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    Shiba Inu (SHIB), the biggest meme coin on Ethereum (ETH), was trading at $0.0000090, a few points above the crucial support at $0.00000853. It remains 65% below its highest point this year.\u00a0<\/p>\n

    SHIB has numerous bullish fundamentals. Data compiled by Shiburn shows that the burn rate jumped by nearly 2,000% on Saturday to 4.14 million. This burn was driven by one transaction of 2.14 million tokens by one user and another $1.97 million by another user.\u00a0<\/p>\n

    <\/p>\n

    Shiba Inu\u2019s burn rate has been rising recently, with some users making some big incinerations. For example, one user burned 180 million tokens on Wednesday and another one 621 million a day earlier.\u00a0<\/p>\n

    Token burns are often viewed positively by crypto investors because they reduce a network\u2019s inflation. They are often compared with share buybacks, which reduce the amount of stocks in circulation.\u00a0<\/p>\n

    The key difference is that share buybacks lead to a higher earnings per share, while token burns only reduce the inflation rate.\u00a0<\/p>\n

    Shiba Inu may also benefit from the on-chain metrics showing that more tokens are leaving exchanges. There are now 285 million tokens in exchanges, down from 295 million in August. This is a sign that investors are not dumping the token during the ongoing plunge.\u00a0<\/p>\n

    SHIB exchange balances | Source: Nansen<\/em><\/figcaption><\/figure>\n

    The other key catalyst for SHIB is that Shibarium has started to improve after the recent ShibaSwap exploit. <\/strong>Data shows that the network\u2019s total value locked has jumped by 124% in the last 30 days to over $1.8 million.\u00a0<\/p>\n

    Shiba Inu price technical analysis\u00a0<\/h2>\n
    \"Shiba
    SHIB price chart | Source: crypto.news<\/figcaption><\/figure>\n

    The daily timeframe chart shows that the SHIB price has slipped from $0.00001756 in May to $0.0000090 today. It formed a descending triangle pattern whose lower side is at $0.00001020.\u00a0<\/p>\n

    The coin has remained below the 50-day and 25-day Exponential Moving Averages. It also moved below the key point at $0.00001020, the lower side of the descending triangle.\u00a0<\/p>\n

    On the positive side, the coin has remained above the key support at $0.0000085, its lowest levels in October and this month.\u00a0<\/p>\n

    Therefore, the most likely outlook is where SHIB price continues falling, potentially to $0.0000050. This view will be confirmed if it drops below the support at $0.0000085. On the flip side, moving above the key resistance at $0.000010 will invalidate the bearish outlook.<\/p>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    Shiba Inu price remained under pressure as the crypto market pulled back despite having some important fundamentals, such as the rising burn rate and falling exchange balances. Summary Shiba Inu…<\/p>\n","protected":false},"author":1,"featured_media":418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16027","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\/16027","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=16027"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16027\/revisions"}],"predecessor-version":[{"id":16028,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16027\/revisions\/16028"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/418"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}