Shiba Inu Price Prediction: Can Bulls Push SHIB Higher as Burn Rate Exceeds 41%?
- SHIB holds above recent lows, but key EMAs continue to reinforce bearish pressure.
- Falling open interest signals cautious traders awaiting stronger bullish confirmation.
- Token burns and steadier exchange flows hint at gradual long-term recovery potential.
Shiba Inu (SHIB) continues to face strong bearish pressure as the token attempts to establish a stable base after a prolonged decline. The SHIB/USD daily chart shows price trading near $0.00000419, slightly above the recent low of $0.00000404. Although sellers have slowed their momentum, buyers have not yet gained enough strength to trigger a meaningful recovery.
SHIB Price Action Remains Under Bearish Control
SHIB continues to trade below the 20-day, 50-day, 100-day, and 200-day exponential moving averages. These indicators confirm that the broader market structure remains bearish. The 20-day EMA at $0.000004…
Read The Full Article Shiba Inu Price Prediction: Can Bulls Push SHIB Higher as Burn Rate Exceeds 41%? On Coin Edition.
This content is automatically aggregated. Full credit goes to the original publisher (coinedition.com).
