Shiba Inu trades at $0.00000858 as the SHIB burn rate jumps 790% in 24 hours with over 61.5 million tokens destroyed.
Shiba Inu (SHIB) recorded a 3% price gain in the past 24 hours, trading around $0.00005881.
This movement follows a 790% surge in its daily token burn rate, where over 61.5 million SHIB were removed from circulation. With growing market activity and technical indicators showing mild bullish behavior, traders are watching closely for a potential breakout.
SHIB Burn Rate Surges, Boosting Market Activity
In the last 24 hours, the Shiba Inu network burned over 61.5 million tokens, a 790% rise compared to the previous day. This reduction in circulating supply has led to increased attention from investors and traders.
Burn activity over the past seven days also increased by over 67%, with nearly 99 million SHIB destroyed.
HOURLY SHIB UPDATE$SHIB Price: $0.00000853 (1hr -0.15% ▼ | 24hr 1.23% ▲ )
Market Cap: $5,029,447,524 (1.26% ▲)
Total Supply: 589,246,218,118,409TOKENS BURNT
Past 24Hrs: 61,535,702 (792.56% ▲)
Past 7 Days: 99,009,715 (67.02% ▲)— Shibburn (@shibburn) November 27, 2025
Shiba Inu’s market capitalization grew by 1.26%, reaching approximately $5.03 billion. This increase occurred as the token maintained steady support and gained from broader market growth. The weekly burn trend shows that more tokens are being removed regularly, contributing to a tighter supply.
SHIB’s total supply still remains large, at over 589.2 trillion tokens. However, consistent burn activity may support the bullish outlook, especially if accompanied by strong buying volume in the near term.
SHIB Price Moves Near Resistance Levels
At the time of writing, SHIB is trading at $0.00005881, approaching key resistance between $0.00005890 and $0.00005900. This range has acted as a resistance zone throughout November, but current price movement shows growing interest from buyers near this level.
Support remains steady at $0.00005850, where earlier price declines were held.
A break above $0.00005900 could push SHIB toward $0.00005950, and possibly test $0.00006000, if backed by strong volume. Traders are watching closely for a move beyond this resistance band.
If the price moves below $0.00005850, the next support area is seen near $0.00005800, which previously served as a base during earlier corrections. These levels will be key to watch for short-term market direction.
Related Reading: Shiba Inu Price Analysis: Could SHIB Rally 110% if Resistance Breaks?
Indicators Show Mild Bullish Momentum Building
Technical indicators show mild upward pressure as the MACD line is positioned above the signal line. The histogram bars are still green, though they have weakened slightly. This indicates that buying momentum is present, though not yet strong.
The Relative Strength Index (RSI) reads 59, which shows neutral momentum with a mild bullish bias. This suggests that SHIB is not overbought and has room to rise if buyers maintain pressure.
Traders continue to watch for volume confirmation before a clear breakout occurs. A sustained move above resistance would likely support a short-term rally if burn rates remain elevated.