Shiba Inu Price

cryptonewsz.com 2 h

Analytics

Shiba Inu price faces renewed supply pressure at $0.000006000 mark signaling a risk of continued price correction.
According to CoinMarketCap, the aggregative market cap of top memecoins has reached $29.3 billion, registering an intraday gain of 1.3%
The 50-day exponential moving averages act as major resistance against recovery attempt from $SHIB Price,

Shiba Inu, the popular dog-themed meme cryptocurrency, recorded highlighted volatility on Friday before stabilizing at current market value of $0.0000059. Earlier today, the coin price surged to a $0.0000063 high following the broader market recovery but faced immediate selling pressure amid the release of January 2026 PCE data. A significant reduction in $SHIB’s Burn Rate further reinforces the bearish narrative in price. Will Shiba Inu price revert below the $0.000005 mark?

$SHIB Faces Cooling Momentum as Burn Rate and Futures Interest Decline

On Friday, March 13th, the cryptocurrency market experienced a significant surge in buying pressure which pushed its market cap to $2.43 trillion. Similarly, the Bitcoin price rose roughly 5% to hit a high of $73,933.

However, the digital assets witnessed renewed selling pressure during late U.S. market hours following the release of January PCE inflation at 0.3% Month-on-Month and core PCE at 3.1% year on year. Both figures trending above the Fed’s 2% target suggest persistence inflation pressure, and potential delay for interest-rate cuts from the Federal Reserve.

In addition, the official token burning platform for $SHIB, Shiburn, indicated that over 2.2 million tokens were removed from the circulation in the last 24-hours. This number represents a 45% decline from the volume of burns observed in similar time periods, pointing to slowdown in community-driven supply reduction that typically bolster the tokens deflationary narrative.

On the derivatives side, $SHIB futures and perpetual contact linked activity have cooled considerably. Figures from Coinglass show the total open interest going from about $145 million in the first few weeks of January to about $60 million at this point, a contraction of 58.6%. The decline indicates that traders are gradually coming off from leveraged positions, which are related to softer speculative demand in the market.

These shifts are seen within fluctuating degrees of participation in the meme coin’s ecosystem and larger leveraged trading environment, which points to cooling speculative momentum and cooling market activity around $SHIB in the near term.

Shiba Inu Price Reverts to its Cyclic Low

In the last six days, the Shiba Inu price recorded a significant recovery from $0.00000532 to $0.0000063— a 20% growth— amid geopolitical tension. However, the coin price immediately reverted to $0.00000591 amid overhead supply, evidenced by long-wick rejection candles in the daily chart.

The downsloping trend of the 50-day exponential moving average adds another layer of selling pressure on $SHIB coin, suggesting the continuation of prevailing downtrend. With sustained selling, the coin price could plunge 11.63% and retest the $0.0000052 bottom floor.

The Shiba Inu price recorded its 2021 and 2023 bottom support near $0.0000052 level signaling a high accumulation zone for buyers. If the buyers continue to defend the bottom support with strong hands, the coin price rebounded high to restore bullish momentum.