Shiba Inu ($SHIB ) Market Update: Failed Breakout, Now Testing Critical 200-Day Support
$SHIB is trading near $0.00000558**, down **2.6%** in 24 hours after a sharp **6% drop** on September 28 . The token failed to hold above the **$0.0000060–$0.0000062** resistance zone, triggering a pullback to its **200-day moving average around $0.0000056 .
Key Concern: The daily burn rate collapsed 91.31% on September 28, removing a key supply-reduction narrative that supported September's rally . Shibarium activity has also crashed to roughly 1,680 daily transactions—a 99.96% collapse from August 2025 levels .
Key Levels: $0.0000053** is the immediate support defended multiple times. A break below opens **$0.0000051–$0.0000052**, then **$0.0000046 . Resistance is $0.0000060–$0.0000062 .
Binance Trade Setup: The structure is fragile—momentum stalling, burn narrative fading, and Shibarium's utility case weakening. A cautious long only if $SHIB holds $0.0000053** with volume, targeting **$0.0000058–$0.0000060**, stop below **$0.0000050. If support breaks, stay flat . DYOR — meme volatility is extreme.
#Shibalnu #crypto #analises #Binance
$SHIB is trading near $0.00000558**, down **2.6%** in 24 hours after a sharp **6% drop** on September 28 . The token failed to hold above the **$0.0000060–$0.0000062** resistance zone, triggering a pullback to its **200-day moving average around $0.0000056 .
Key Concern: The daily burn rate collapsed 91.31% on September 28, removing a key supply-reduction narrative that supported September's rally . Shibarium activity has also crashed to roughly 1,680 daily transactions—a 99.96% collapse from August 2025 levels .
Key Levels: $0.0000053** is the immediate support defended multiple times. A break below opens **$0.0000051–$0.0000052**, then **$0.0000046 . Resistance is $0.0000060–$0.0000062 .
Binance Trade Setup: The structure is fragile—momentum stalling, burn narrative fading, and Shibarium's utility case weakening. A cautious long only if $SHIB holds $0.0000053** with volume, targeting **$0.0000058–$0.0000060**, stop below **$0.0000050. If support breaks, stay flat . DYOR — meme volatility is extreme.
#Shibalnu #crypto #analises #Binance