SHIB Bulls Return as Shiba Inu Burn Rate Climbs 41%: What’s Next for Price?

• SHIB remains below key moving averages despite slowing bearish momentum and tighter price consolidation.
• Open interest dropped sharply, reflecting weaker speculation and cautious trader sentiment.
• Over 41% of SHIB's supply has been burned, supporting long-term scarcity.

Shiba Inu has reached another important point after months of steady selling pressure. Price has stopped falling at the same pace, giving traders fresh hope for a possible recovery. Market activity also shows several encouraging changes beneath the surface. Although bullish momentum remains limited, improving exchange flows and continued token burns have renewed interest. The coming sessions could determine whether SHIB finally begins rebuilding strength or extends another period of sideways trading.

SHIB Faces Strong Resistance Despite Improving Market Conditions

SHIB currently trades near $0.00000419 after bouncing from a recent low around $0.00000404. Buyers have defended support, but stronger momentum remains absent. Price continues moving inside a narrow range as traders wait for a clearer direction. Technical indicators still favor sellers across higher timeframes. SHIB remains below the 20-day, 50-day, 100-day, and 200-day exponential moving averages.

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