SHIB Outlook Turns Cautious as Lower Burn Activity Signals Potential Downside

• SHIB burn activity fell over 60%, weakening supply-side support for the token.
• Bearish technical indicators suggest continued pressure around the $0.000010 level.
• A break below $0.00000950 could expose SHIB to roughly 12% downside.

Shiba Inu faces growing pressure as declining burn activity weakens a key bullish factor. SHIB currently trades near a crucial support zone around $0.000010. Meanwhile, technical indicators point toward weakening momentum across the market. A break below $0.00000950 could expose SHIB to deeper losses. The next major support sits near $0.00000880. That level represents a potential 12% decline from current prices. Traders now need to watch supply data and technical levels closely.

SHIB Burn Rate Drops Sharply

Shibburn data shows a major decline in Shiba Inu burn activity. The burn rate has fallen more than 60% over seven days. Burns permanently remove SHIB tokens from circulation through designated dead wallets. Stronger burn activity can reduce available supply and support bullish sentiment. However, recent figures show weaker demand for token destruction. The decline also challenges one part of the SHIB investment narrative. Lower burns leave more tokens circulating across the market.

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