{"id":74264,"date":"2026-06-19T15:48:55","date_gmt":"2026-06-19T15:48:55","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/shiba-inu-shib-struggles-near-key-support-as-burn-rate-and-shibarium-activity-weaken\/"},"modified":"2026-06-19T15:48:55","modified_gmt":"2026-06-19T15:48:55","slug":"shiba-inu-shib-struggles-near-key-support-as-burn-rate-and-shibarium-activity-weaken","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/shiba-inu-shib-struggles-near-key-support-as-burn-rate-and-shibarium-activity-weaken\/","title":{"rendered":"Shiba Inu (SHIB) struggles near key support as burn rate and Shibarium activity weaken"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/04\/Shiba-Inu-token-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/04\/Shiba-Inu-token-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/04\/Shiba-Inu-token-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/04\/Shiba-Inu-token-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Shiba Inu (SHIB) trades near $0.00000476 with weak short-term momentum.<\/li>\n<li>Shiba Inu burn activity has dropped to about $5 worth of SHIB daily.<\/li>\n<li>SHIB\u2019s price remains below all major EMAs, maintaining a bearish trend.<\/li>\n<\/ul>\n<p>Shiba Inu is trading at $0.00000476, holding a tight range between $0.000004638 and $0.000004789 over the past 24 hours.<\/p>\n<p>The memecoin has remained under pressure in recent sessions, with a -0.4% daily change, extending a broader weakness that has seen it fall 17% over the past 30 days and nearly 59% over the past year.<\/p>\n<p>Market activity, however, remains elevated, with 24-hour trading volume at roughly $54.7 million.<\/p>\n<h2>SHIB price structure tightens as support zone comes under pressure<\/h2>\n<p>Shiba Inu is testing a support region around $0.0000046, while a deeper support level sits at $0.00000430.<\/p>\n<p>On the upside, resistance is forming near $0.0000048, with a further barrier at $0.00000491.<\/p>\n<p>Notably, SHIB is trading below all major daily exponential moving averages (EMAs), including the 10-day, 20-day, 50-day, 100-day, and 200-day EMAs.<\/p>\n<p>This alignment places the broader trend firmly in bearish territory, with no short-term average currently supporting price from below.<\/p>\n<p>In addition, out of <a href=\"https:\/\/www.coinlore.com\/coin\/shiba-inu\/forecast\/price-prediction\">23 tracked technical indicators<\/a>, 13 are bearish, 9 neutral, and only 1 bullish, giving bears roughly 57% control of the signal distribution.<\/p>\n<p>The RSI (14) sits around 35.47 on the daily chart, while the weekly reading is near 35.68, both pointing to nearly oversold conditions.<\/p>\n<p>While this does not confirm a reversal, it does suggest the market is approaching levels where short-term reactions have historically occurred.<\/p>\n<p>A close below $0.00000455 would expose SHIB to lower support levels, while a recovery above $0.0000048 would be required to shift short-term momentum toward $0.00000507.<\/p>\n<p><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-365401\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/06\/SHIBUSD_2026-06-19_18-10-35.png\" alt=\"Shiba Inu price chart\" width=\"1504\" height=\"904\"\/><\/p>\n<h2>Burn activity and Shibarium engagement decline<\/h2>\n<p>Shiba Inu token burn activity has weakened significantly.<\/p>\n<p><a href=\"https:\/\/www.shibburn.com\/burns\">Data from the Shibburn website<\/a> shows that daily burns have fallen to extremely low levels, with estimates indicating only around 1 million SHIB burned per day, valued at roughly $5.<\/p>\n<p>Weekly burn totals remain similarly small, around 15 million SHIB, worth approximately $75.<\/p>\n<p>At current levels, the burn activity has minimal effect on SHIB\u2019s total supply dynamics.<\/p>\n<p>The scale of the supply reduction is too small to influence price behaviour in the short or medium term, especially during periods of weak demand.<\/p>\n<p>Shibarium activity has also shown limited market impact recently.<\/p>\n<p>While the Layer-2 network continues to process transactions, there has been no measurable effect on SHIB price stability or upside momentum in recent trading sessions.<\/p>\n<p>The lack of strong network-driven demand has left price action largely dependent on broader market sentiment and technical levels.<\/p>\n<h2>Exchange flows show accumulation, but price response remains weak<\/h2>\n<p>Exchange flow data presents a mixed picture.<\/p>\n<p>CryptoQuant has <a href=\"https:\/\/x.com\/BSCNews\/status\/2067858920237039884\">stated<\/a> that total SHIB exchange reserves have dropped below 80 trillion tokens.<\/p>\n<p>Net outflows of approximately 266 billion SHIB in 24 hours have been recorded, suggesting that holders are moving tokens off exchanges, a behaviour often associated with accumulation or longer-term holding.<\/p>\n<p>Despite this, the Shiba Inu price has not reacted strongly to the shift in flows.<\/p>\n<p>SHIB continues to trade near the lower end of its recent range, indicating that buying pressure has not yet outweighed broader selling activity.<\/p>\n<p>This divergence between on-chain accumulation and price response highlights a market that is still waiting for stronger confirmation from demand-side activity.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/shiba-inu-shib-struggles-near-key-support-as-burn-rate-and-shibarium-activity-weaken\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Shiba Inu (SHIB) trades near $0.00000476 with weak short-term momentum. Shiba Inu burn activity has dropped to about $5 worth of SHIB daily. SHIB\u2019s price remains below all major EMAs, maintaining a bearish trend. Shiba Inu is trading at $0.00000476, holding [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":74265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74264"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74264"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74264\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74265"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}