$SHIB **🔥 14M $SHIB Burned, Yet Price Drops — Can ETH Save the Day?**
### **SHIB Burns 14M Tokens, But Price Slumps – What’s Next?**
According to **CoinMarketCap**, the **Shiba Inu price fell 1.70%** to **$0.00001432** despite **14 million SHIB** being burned in the past 24 hours. Trading volume also dipped to **$220 million**, signaling fading retail interest.
### **Why Didn’t the Burn Boost SHIB’s Price?**
Despite the burn, SHIB’s **massive circulating supply (~999 trillion tokens)** means **14 million burned SHIB has little impact**. So far, **410.7 trillion SHIB** have been burned, but the **burn rate has slowed by 39%**, weakening its effect on price.
### **Is Ethereum the Key to a SHIB Revival?**
Since **SHIB runs on Ethereum**, analyst **Crispus** suggests its price often mirrors **ETH’s movements**. If **Ethereum surges to $4,000**, SHIB could rebound.
**Technical indicators show:**
✅ **Trading above 50-day moving average**
✅ **Golden Cross formation** (a bullish signal)
### **SHIB Price Prediction: Bullish vs. Bearish Scenarios**
📈 **If ETH rallies:** SHIB could target **$0.00001945** or even **$0.0000221**.
📉 **If bearish pressure continues:** A drop below **$0.000012** may lead to **$0.00001080** (2024’s low).
### **Final Thoughts**
While burns help long-term scarcity, **SHIB’s fate may hinge on Ethereum’s momentum**. Traders are watching **ETH’s next move** closely.
