Shiba Inu

Rally

Shiba

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 <a href="https://coincodex.com/crypto/shiba-inu/" rel="noopener noreferrer nofollow">SHIB climbed</a> as high as roughly $0.0000059-$0.0000060 earlier this month before pulling back. CoinCodex currently shows the token near $0.0000057, keeping the immediate setup largely unchanged: buyers have recovered from September lows, but they still have not secured a convincing breakout.
 The key level remains around $0.000006-$0.0000061.$0.000006 Still Blocks the SHIB Rally 
 Shiba Inu has tested the $0.000006 area several times over the past two weeks without establishing it as support.
 A recent <a href="https://coinpaper.com/36540/shiba-inu-price-prediction-can-shib-extend-its-september-recovery" rel="noopener noreferrer nofollow">SHIB breakout setup</a> identified $0.000006-$0.0000061 as the main resistance zone. A clean move above it could reopen the path toward $0.0000067, followed by roughly $0.0000072.
 On the downside, the $0.0000055-$0.0000056 area is becoming increasingly important. Losing that zone would put SHIB closer to the $0.0000051-$0.0000052 support that buyers defended during September’s selloff.&amp;lt;iframe src=”https://widgets.coincodex.com/w/bf7285bd-eef9-45b9-aa9b-661583445bf2?site=coinpaper&amp;amp;mode=light” width=”100%” height=”420” frameborder=”0” referrerpolicy=”no-referrer-when-downgrade” style=”border:0;background:transparent;border-radius:0px;”&amp;gt;&amp;lt;/iframe&amp;gt;Burn Rate Spikes, but Price Barely Reacts 
 One potential bullish catalyst has returned dramatically.
 Shiba Inu’s burn rate jumped more than 17,000% in 24 hours on Oct. 3, according to Shibburn data, as substantially more SHIB was permanently removed from circulation. Yet SHIB still traded around $0.00000572 and remained below resistance.
 That contrast matters because burns have repeatedly failed to produce an immediate price breakout.
 Only days earlier, the burn rate had collapsed more than 91%, while SHIB continued holding near its short-term support. The recent <a href="https://coinpaper.com/36471/shiba-inu-price-prediction-can-shib-recover-as-burn-rate-collapses-91" rel="noopener noreferrer nofollow">burn-rate volatility</a> shows why daily burns alone are unlikely to determine the next move.
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SHIB Price Prediction: Can Shiba Inu Break Key Resistance?

Coinpaper.com

Other articles published on Oct 4, 2026

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