Shiba Inu Price Prediction: Can SHIB Recover as Burn Rate Collapses 91%?

SHIB’s daily burn rate fell 91.31% on Sept. 28, with roughly 338,050 tokens removed from circulation compared with nearly 3.9 million previously, according to Shibburn data cited by Finbold. The slowdown arrived just as SHIB pulled back from resistance around $0.0000060-$0.0000062.

The question now is whether SHIB can rebuild momentum without the supply-reduction narrative that helped support parts of its September recovery.

SHIB Is Back Near a Key Support Zone

SHIB recently rallied from below $0.0000050 to above $0.0000060, but the breakout failed to hold.

The token closed Sept. 28 near $0.00000566, after trading as high as $0.00000598 during the session. Technical indicators now put the area around $0.0000056 near an important short-term support zone, while the 200-day moving average sits roughly around $0.0000058.

That leaves SHIB in a weaker position than during its recent rally toward $0.0000061, when a successful breakout could have opened the way toward $0.0000067.

If sellers push SHIB below $0.0000055, the next notable downside zone sits around $0.0000051-$0.0000052.

<iframe src=”https://widgets.coincodex.com/w/b87211b6-a319-45fa-92c6-6cb9e26b9321?site=coinpaper&mode=light” width=”100%” height=”420” frameborder=”0” referrerpolicy=”no-referrer-when-downgrade” style=”border:0;background:transparent;border-radius:0px;”></iframe>Does the Burn Collapse Really Matter?

Token burns remain one of Shiba Inu’s most visible scarcity narratives, but their short-term impact on price is far from straightforward.

Coinpaper has previously seen SHIB’s burn rate collapse 99% while the token still moved higher. In another case, a 53,000% burn-rate surge failed to prevent SHIB from falling.

The reason is scale.

SHIB still has a circulating supply measured in the hundreds of trillions of tokens, meaning daily burns involving hundreds of thousands or even millions of SHIB represent only a tiny fraction of total supply.

That makes price structure and broader meme-coin demand more important in the short term.