Shiba Inu Eyes Trendline Rebound as SHIB Bulls Battle Slowing Burn Rate

• SHIB holds key trendline support as buyers defend the 200 EMA zone.
• Falling exchange reserves support bullish sentiment despite slowing token burns.
• Holding support could trigger recovery toward higher Fibonacci resistance levels.

Shiba Inu has reached another decisive moment after weeks of mixed price action. Buyers continue defending a major support zone, while broader market sentiment remains cautious. At the same time, falling exchange reserves and continued ecosystem development offer reasons for optimism. However, slower token burns and an enormous circulating supply continue limiting bullish momentum. The next few trading sessions could determine whether SHIB begins another recovery or extends the recent pullback.

Buyers Defend Critical Support While Supply Concerns Remain

SHIB traded near $0.00000460 on July 28, 2026, giving the meme coin a market value of roughly $2.73 billion. Daily trading volume remained between $160 million and $170 million, reflecting steady market participation despite limited price movement. Attention now centers on the ascending trendline and the 200-period exponential moving average near $0.00000447. A successful defense could strengthen confidence among traders searching for signs of renewed momentum.

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