Shiba Inu Price Eyes Recovery as Burn Rate Jumps 10,785% – Can SHIB Hit $0.000016?

The Shiba Inu price trades at $0.00000990 after rising 4.29% in the past 24 hours. This mild rebound follows renewed buying around the demand zone, suggesting early signs of accumulation. Meanwhile, the SHIB price remains inside a descending channel but shows early stability as buyers attempt to defend lower levels. The sharp surge in token burns adds further strength to the recovery outlook.

Shiba Inu Price Rebounds from Demand Zone as Long-Term Outlook Improves

The SHIB price has rebounded from its green demand zone, indicating renewed buying strength after weeks of sustained selling pressure. The structure on the chart shows price compression within a descending channel, hinting at an early recovery attempt.

A break and daily close above $0.00001117 would confirm a reversal setup, with potential to extend toward $0.000013 and later $0.000016, marking the next resistance level. Notably, repeated rejections below $0.0000095 emphasize strong buyer defense at lower levels. 

Earlier Shiba Inu prediction suggested that a successful defense of this zone could trigger a rally of up to 100%, mirroring past rebound patterns from similar setups. Meanwhile, short-bodied candles near this range further highlight hesitation among sellers. 

The gradual narrowing of price swings suggests quiet accumulation within the current zone. This structure strengthens confidence in the long-term Shiba Inu price prediction as bulls aim to reclaim higher resistance levels in the weeks ahead.

Shiba Inu Burn Rate Skyrockets 10,785% as Community Action Lifts Market Sentiment

In the last 24 hours, Shiba Inu’s burn rate exploded by 10,785%, with more than 120,000 SHIB permanently removed from supply. This significant spike has reignited optimism across the ecosystem, aligning with renewed accumulation activity. 

Notably, the community-driven burn effort continues to enhance SHIB’s visibility among the top meme coins, reflecting strong collective engagement. Meanwhile, increased burn activity often triggers renewed speculative interest as scarcity narratives gain traction. Furthermore, such rapid burn surges tend to act as catalysts for short-term rallies. 

Specifically, the latest burn metrics demonstrate that community participation remains a key driver of recovery. Therefore, this burn explosion may support sustained upward strength as sentiment gradually turns positive around the Shiba Inu price.

Conclusively, the Shiba Inu price shows renewed strength as technical and on-chain data align for a recovery setup. Sustaining accumulation within the demand zone could drive a breakout toward $0.000016. Meanwhile, the soaring burn rate continues to reinforce bullish conviction within the SHIB community. If buyers maintain control, SHIB may soon approach higher resistance levels and extend its short-term recovery.