Shiba Inu (SHIB) is approaching the milestone of 410 trillion tokens burned, sparking discussion within the community.
The impact of SHIB burn on price is minimal; the technicals indicate that past burns have already been reflected in the price.
SHIB has recently rebounded, gaining support around $0.000015 after the market recovery in April 2025.
The SHIB burn plan for Shiba Inu is about to reach a significant milestone of 410 trillion tokens. The latest developments in this meme coin project have sparked enthusiastic discussions among users, many of whom consider this a positive signal.
The latest increase reflects a tightening supply of Shiba Inu that has re-emerged after slowing down over the past few years. However, despite the recent rise in Shiba Inu's price, its impact on the price remains negligible.
Meanwhile, technical analysts believe that the price of SHIB has already reflected previous burns. Therefore, they expect the deflationary effects of the burn operations will not manifest quickly. However, the recent price trend of this meme coin highlights its potential trend of stabilizing around $0.000015.
Despite the issue of the impact of burns, the price trend of SHIB still shows strength recently.
According to data from TradingView, at the time of writing, Shiba Inu is trading at $0.00001510, having previously retreated from a local high of $0.00001764. The recent high for SHIB resulted from a 72.3% rebound, marking that this meme coin has overcome significant bearish pressure and broken through notable resistance levels.
In the first week of April 2025, as the cryptocurrency market generally recovered, Shiba Inu (Shiba Inu) rebounded from an annual low of $0.00001029. The bullish momentum drove this meme coin to break through significant resistance levels, including the key $0.0000145 level, and turned it into a support level.
It is worth noting that despite the decrease in trading volume, SHIB has re-tested the support level during the recent pullback. This level remains strong, reflecting the return of buying momentum and a breakthrough of the support at $0.00015. However, as of the time of writing, the sentiment among users of this crypto asset remains difficult to predict.
Despite the milestone achievements of Shibburn, most analysts believe that significant action is needed from investors to fully restore the bullish momentum of Shiba Inu. Nevertheless, optimism remains high, and the recent rebound has pushed prices away from the bear market territory.
