$SHIB Burn Rate Up, Chart Still Heavy
🔥🐕


The burn rate exploding by 2,000,000%+ sounds dramatic, but on-chain supply shocks only matter when they collide with real demand.


And right now, the chart shows a market still grinding through a clean downtrend.
👀


✅ $SHIB trades around 0.00000876, sitting just under the mid-BB and rejecting the short-term resistance at 0.00000934–0.00001044. Structure remains LL > LH, meaning sellers still dictate the momentum.


✅ Volume (43.6B SMA) is steady but not expanding - burns without volume rarely flip trend.


✅ RSI at 39.42 keeps SHIB in weak-momentum territory: not oversold enough for a reversal, not strong enough for continuation.


Here’s how I read it 👇

📉 Bearish continuation risk:
Losing 0.00000824 opens the liquidity pocket toward 0.00000661–0.00000600.

📈 Reversal trigger:
SHIB needs a reclaim of 0.00000934 and ideally a daily close above 0.00001044 to break the LH structure. Only then does the burn start translating into a real price effect.


🔥 Burns help, but price reacts when market structure shifts - not before.


📊 WhiteBIT Chart: SHIB/USDT (1D)


#Altcoin Season# #Bitcoin Price Prediction: What is Bitcoins next move?#

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November 20, 2025 at 2:05 PM
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