SHIB jumped roughly 6% during its latest rebound, climbing from around $0.0000050 toward $0.0000054 and outperforming much of the broader crypto market during the move. But the rally has brou
SHIB jumped roughly 6% during its latest rebound, climbing from around $0.0000050 toward $0.0000054 and outperforming much of the broader crypto market during the move.
But the rally has brought SHIB directly into its next technical test.
The meme coin is approaching resistance around $0.0000055–$0.0000056. Clearing that area could put $0.000006 back into focus — a level SHIB has struggled to reclaim during its recent decline.
There is also an unusual backdrop to the move: SHIB is rising even though one of its most closely watched supply narratives has temporarily stalled.
SHIB Rises Even as Burns Drop to ZeroShibburn's tracker recorded zero SHIB burned during one recent 24-hour period, representing a 100% decline in the daily burn rate. Weekly and monthly burn activity has also remained weak relative to SHIB's enormous circulating supply.
That matters because token burns are frequently presented as a potential long-term scarcity catalyst for Shiba Inu.
Yet SHIB rallied anyway.
The disconnect suggests the latest move is being driven more by trading demand and the broader crypto recovery than by an abrupt change in SHIB's supply dynamics.
Derivatives activity reinforces that view. More than $60 million in SHIB futures positions remained open following recent liquidations, while futures trading volume jumped sharply during the rebound.
That leaves plenty of speculative positioning capable of amplifying the next move in either direction.
Can Shiba Inu Reach $0.000006?The first obstacle sits around $0.0000055–$0.0000056.
SHIB needs to break that region convincingly before $0.000006 becomes a more realistic short-term target.
SHIB level What it means $0.0000060 Major upside target $0.0000056 Key breakout resistance $0.0000052 Near-term support $0.0000050 Psychological support $0.0000048 Recent downside areaA move from roughly $0.0000054 to $0.000006 would require another gain of about 11%.
SHIB has already shown it can make sharp moves when sentiment improves. But holding above $0.0000052 is important. Losing that area would put $0.0000050 back in play and weaken the breakout setup.
