🚨 Shibainu burn rate drops -82% in 24h – how does the price react?
🔸 According to U.Today (7/7/2025), SHIB burning activity has decreased by 82%, now only ~1.56 million tokens out of circulation, compared to the previous high of >9.5 million tokens during the recent "peak" period.
🔍 The price is still close to the resistance zone: SHIB is currently at $0.00001180, up ~+3.5% in 24h and the market shows a positive reaction despite the reduced burn pressure.
📈 Technical signals:
The price is nearing the 26-day EMA line at ~$0.0000118–11.9K, which is a key level that the price has tested multiple times.
The RSI has recovered from the oversold zone, indicating that recovery momentum is accumulating.
If SHIB breaks through the 26 EMA zone (~$0.0000119), it could mark the beginning of a new rally.
📊 Conclusion: The significant decrease in burning activity does not immediately cause SHIB's price to drop – on the contrary, the price is reacting positively, getting closer to the technical breakout threshold. Now SHIB needs to hold above the 26 EMA (~$0.0000119–12K) to pave the way for a new upward wave. Investors should closely monitor this level.
