Shiba Inu (SHIB) price hovered around $0.0000060, up roughly 2% in 24 hours, but still struggling to reclaim the key $0.0000062 level. SHIB is still suffering under heavy resistance and ecosystem headwinds, in spite of a wider crypto rebound.
Shiba Inu Price Faces Strong Technical Resistance
Shiba Inu (SHIB) exhibits a long-term downward trend that regulates the price movement since May 2025. Despite new trends in the entire Shiba Inu ecosystem, sellers still control the market. The crypto market has been mostly sideways in recent weeks. This merge slowed the pace in most altcoins, including SHIB.
The token has reached multi-month lows but has rebounded to $0.000006. However, price remains trapped below a major resistance zone between $0.0000062 and $0.0000065.
Shiba Inu Burn Rate Drops 78%, Slowing Momentum
The other reason that will have an impact on the growth of Shiba Inu price is a steep decline in its burn rate. The daily burn rate has dropped by 78%, slowing the amount of token removed off of circulation.
Burn mechanisms usually help strengthen supply dynamics over time. Lower burn activity can weaken bullish sentiment among investors.
Recent figures show fewer than 5 million tokens were removed during the latest daily burn cycle. That is quite a small number compared with burn spikes in the past.
The number of activities on Shibarium, the project layer-2 ecosystem, is also declining, of late. The lack of network activity can be helping to drive down the market momentum.
Broader Crypto Market & Meme Coin Rally Could Lift SHIB Price
Although Shiba Inu faces resistance, the broader crypto market environment has improved. Total cryptocurrency market capitalization recently rose about 2.6%, reaching nearly $2.44 trillion.
Major digital assets also gained ground during the recovery. Bitcoin price climbed above $72,000, while Ethereum traded beyond $2,100.
Other top coins like SOL, DOGE, ADA, and Pi network price also has seen a strong recovery over the past 24-hours
The top meme coin sector also recorded strong gains. The market capitalization of the sector is at present 34.4 billion following an increase of 9%.
The rebounds in tokens like Dogecoin, PEPE, BONK, and so on were visible. Resurgent attention on meme properties may ultimately boost Shiba Inu price. Improved activity can also be observed on-chain. The Shiba Inu ecosystem has recently registered approximately 214 million in trading volume.
This is the highest since the beginning of February. An increase in the volume of trading usually indicates an increase in the interest of the investors.
Will Shiba Inu Price Rally 30% Next?
Some analysts believe Shiba Inu could stage a strong rebound if several conditions develop. SHIB price surged near $0.00000606 on the four-hour chart as buyers attempted to extend a short-term rebound. Recent candles show gradual upward momentum following a prolonged consolidation phase earlier this month.
Technical indicators indicate strengthening sentiment, though resistance levels still limit aggressive upside expectations. The relative strength index was at around 66 which indicated moderate bullish momentum, but not overbought.
In the meantime, the MACD indicator has been positive, and the signal line kept moving upwards. Analysts believe that a long-term trade higher than $0.0000062 might enhance the confidence of short-term market participants.
Short-term resistance is at the $0.00000650, which has been turned down by price increases.
A successful breakout could open room toward the $0.00000750 to $0.00000770 range as per long-term Shiba Inu forecast. That move would represent roughly a 30% increase from the recent consolidation base. However, failure to maintain current support may trigger renewed sideways movement in the near term.