- SHIB price gained 1.11% in 24 hours as volume rose 18.05%.
- Shiba Inu burn activity increased 24.51%, with 22.89 million SHIB burned in 24 hours.
- SHIB bulls held control near resistance, while consolidation shaped the next possible price move.
After drawing a pattern made of highs and lows, the SHIB1.93% has for the last 2 days traced an upward trend. With slight gains in the last 24 hours, weekly and monthly gains have been extended, reducing the pressure on its long-term trend. This comes at a time when Shiba Inu token burning has surged.
SHIB Price Gains 1.11% as the Trend Shows Renewed Recovery
Tracking the ongoing price trend at the time of writing, the SHIB price traded at $0.0000056234 after gaining 1.11% in 24 hours. The price followed an upward trend, though repeated pullbacks interrupted the move. SHIB price climbed sharply from the lower range and moved above the $0.00000520 area. The price then faced quick reversals, which created a choppy early structure.
Momentum strengthened later as the Shiba Inu price pushed toward the $0.00000527 region. That move marked the strongest part of the 24-hour trend before the price started losing strength. The pullback carried the SHIB price back toward the middle range. After that decline, the price moved sideways with smaller rebounds and dips.
SHIB later recovered and returned above the $0.00000522 area. The price held near $0.0000056234 at the latest reading. Trading volume reached $90.35 million, up 18.05% over 24 hours. That increase came as the SHIB price maintained a positive daily price change.
SHIB Burn Rate Rises 24.51% as Total Burned Supply Hits 41.08%
The positive price comes at a time when the Shiba Inu token burn has accelerated. According to Shibburn data, SHIB burn data showed 410,839,898,933,385 tokens were removed from supply, worth about $7.35 billion. This placed the total burned supply at 41.08% from the initial one quadrillion tokens.
Burn transactions totaled 20,728, showing continued token removal across the tracker. The last 24 hours recorded 22,899,872 SHIB burned, valued at $136. Burn activity also rose 24.51% during the 24-hour period. The seven-day burn total reached 52,220,626 SHIB, valued at $311. Meanwhile, the 30-day burn total stood at 215,242,188 SHIB, worth $1,279. The burn activity chart showed an early rise from low levels into a stronger upward curve.
After that climb, the trend fell sharply and moved near the bottom range. Burn activity then rebounded strongly and reached the highest visible point. The trend later declined steadily from that peak and moved into a weaker range. A smaller recovery followed, but the move failed to hold higher levels. The chart ended with burn activity near flat levels after the earlier 24.51% increase.
SHIB Bulls Hold Control as Consolidation Builds Near Resistance
According to TradingView technical analysis, the SHIB price shows a recovery structure after months of lower highs and repeated bearish pressure. The earlier decline lost momentum near the lower range, where price formed a base. The current SHIB price chart now shows stronger bullish control as the price holds above recent support levels. Green trend signals sit above the latest candles, while consolidation continues under nearby resistance.
Recent movement shows tighter candles, which reflect slower selling pressure and steadier accumulation. The price has also moved above several short-term reaction zones after the March bottom. The setup shows buyers defending the lower range while pushing the SHIB1.93% toward the next resistance band. This structure keeps the trend constructive as long as support remains intact.
A clean move above the close resistance area could push the recovery. However, failure to hold the current base could return the SHIB price to another consolidation. For now, bulls control the short-term setup as a stable price trend develops near resistance. The next move depends on whether the SHIB price breaks higher or loses the current support area.
