shiba

Despite recent weakness, #Shiba Inu buyers are stepping in to defend a key support zone, increasing the chances of a short-term rebound. 
The broader financial downturn continues to pressure cryptocurrencies, driving major assets lower. Notably, Shiba Inu has repeatedly tested a critical support level, and analysts now suggest the token may be preparing for a bounce.
Key Points 
Shiba Inu is repeatedly defending a critical support level around $0.00000724. The token last traded near this zone last month and has since returned amid a broader market pullback. Sustained support at this level strengthens the case for a potential short-term rebound. However, any meaningful upside would require SHIB to reclaim and hold above $0.00000809. 
Rebound Imminent? 
Popular community analyst SHIB KNIGHT highlighted the observation in his latest Shiba Inu analysis. The accompanying chart shows SHIB pressing into a well-defined support zone around $0.00000724 after a sharp pullback. 
As a result, he noted that buyers have repeatedly defended the price from falling below this crucial support. This pattern signals strong demand at lower levels and growing seller exhaustion. As support continues to hold, KNIGHT suggested that the setup may signal an imminent rebound. 

Historical Context 
For context, SHIB last traded at $0.0000072 in December 2025 during a broader market decline. Although early recovery attempts failed, bulls regained control earlier this month, pushing the token toward $0.00001. 
However, persistent selling pressure soon dragged SHIB back to the $0.0000072 support yesterday amid the broader market slump. Despite ongoing volatility, buyers have stepped in aggressively to defend this level, limiting further downside. 
Currently, SHIB trades near this support zone at approximately $0.000007276 and could be aiming for a rebound, according to KNIGHT. However, a clean break below the level would invalidate the setup and could open the door to further downside. 
Shiba Inu Next Move
Meanwhile, Shiba Inu has faced sharp volatility over the past day, with prices swinging between $0.0000075 and $0.0000071. As a result, SHIB lost a key support at $0.00000748, which has now flipped into resistance, while $0.00000724 serves as the immediate support. However, if this level fails, the next support lies at $0.0000069, which could offer temporary relief if selling pressure persists. 
Moreover, SHIB must reclaim the 0.236 Fibonacci retracement level around $0.00000809 to trigger any meaningful upside. Else, recovery attempts may remain limited. 
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Shiba Inu's burn rate is highly volatile, frequently spiking by hundreds or thousands of percent daily based on community transactions, network activity, and major one-off burns. It relies on removing tokens from circulation to create scarcity, with over 410 trillion already burned. Check Shibburn for live data.
Purpose: Designed to reduce circulating supply, increase rarity, and potentially boost value.
Mechanism: Tokens are sent to unspendable "dead wallets".
Data Source: Real-time tracking is best done via Shibburn.
Recent Trends: Burn rates can swing wildly, with occasional massive single-day spikes of millions or billions of tokens.
Total Burned: Over 410 trillion SHIB tokens have been removed from circulation since inception.
#Shibarium #shiba $SHIB