SHIB Tests $0.000006 as Burn Rate Surges 173,579%

• Shiba Inu trades near $0.00000600 after breaking below long-term descending trendline from 2025 highs.
• Burn rate surges 173,579% with 838,872 SHIB tokens removed from circulation in the past 24 hours.
• Price tests the $0.00000600 psychological support zone as Supertrend and SAR indicators turn bearish.

Shiba Inu price today trades near $0.00000600, down 0.66% in the past 24 hours after breaking below the descending trendline that has guided price action since mid-2025. The move comes as the community burned 838,872 SHIB tokens over the past day, representing a 173,579% increase in burn rate, yet the metric has failed to lift price out of its multi-month decline.

Burn Rate Explodes But Price Continues Decline

According to Shibburn data, the burn rate spiked 173,579.50% over the past 24 hours, with 838,872 SHIB tokens sent to dead wallets. Total burnt supply now stands at 410,754,337,836,935 tokens out of a max supply of 999,982,335,599,865, leaving a circulating supply of 585,463,448,374,579 SHIB.

Despite the surge in burn activity, price has not responded positively. The disconnect between rising burn rates and falling price suggests that supply reduction alone is insufficient to counter broader market selling pressure. When burns increase but price declines, it indicates that demand is not keeping pace with the deflationary mechanism.

Price Breaks Below Multi-Month Descending Trendline

On the daily chart, Shiba Inu has broken below the descending trendline that has capped rallies since July 2025. Supertrend flipped bearish at $0.00000727, confirming the downtrend. Parabolic SAR dots sit at $0.00000517, marking the next level where momentum could shift.

The chart shows:

• Price trading below the descending resistance line
• Supertrend bearish, indicating sellers control momentum
• $0.00000600 acting as psychological support
• $0.00000700 resistance zone now overhead

SHIB has been in a consistent downtrend since peaking above $0.00001600 in July. Each rally has been met with selling pressure at lower highs, creating a clear pattern of distribution. The recent break below the trendline represents a structural shift, opening the door to deeper losses if support fails.

A daily close above $0.00000727 would flip the Supertrend and invalidate the breakdown. Until that happens, the structure remains decisively bearish. The $0.00000600 level is critical. Losing this support would expose the next demand zone near $0.00000517, where the SAR indicator suggests potential stabilization.

Ascending Triangle Offers Short-Term Support

The 30-minute chart shows SHIB forming an ascending triangle pattern, with price consolidating between an ascending trendline and horizontal resistance near $0.00000605. RSI sits at 54.53, neutral and showing no clear directional bias. MACD remains flat, with both lines converging near zero.

The structure shows:

• Price bouncing off ascending support from the $0.00000578 low
• Resistance at $0.00000605 capping upside attempts
• Triangle compression indicating an imminent breakout or breakdown

Buyers are attempting to defend the ascending trendline, creating higher lows since February 11. However, sellers continue to reject price at the $0.00000605 resistance. A breakout above this level would place $0.00000610 and eventually $0.00000620 back in range.

A breakdown below the ascending trendline would invalidate the pattern and trigger another leg down toward $0.00000578. The triangle pattern typically resolves with a move equal to the height of the formation. Given the tight range, the next move could be decisive.

Outlook: Will Shiba Inu Go Up?

The next move depends on whether SHIB can hold $0.00000600 and break above the ascending triangle resistance at $0.00000605.

• Bullish case: A breakout above $0.00000605 with volume and a close above $0.00000727 would flip the Supertrend and invalidate the descending trendline breakdown. That would place $0.00000800 back in range.
• Bearish case: A breakdown below $0.00000600 and the ascending trendline exposes $0.00000578, with further downside toward $0.00000517 if selling accelerates.