Shiba Inu Fights for Survival at Critical Support Level
Shiba Inu is trading near its critical support level at $0.00000530, down 2.6% in 24 hours to $0.000005585, with a market capitalization of $3.291 billion. This token sits inside an ascending channel on the daily chart, with resistance at $0.00000612, $0.00000661, and $0.00000723.
The Relative Strength Index reads 51.39, below its moving average of 57.65, suggesting momentum has cooled more than price action alone would indicate. Fundamentally, Shibarium's daily transactions have collapsed from 4.69 million in August 2025 to roughly 1,680, a 99.96% decline, though incomplete explorer reindexing may be understating activity.
The token's burn rate remains negligible against the 589 trillion token supply. Holder count has grown by 3,300 in two weeks to more than 1.69 million. Against major cryptocurrencies, SHIB has been lagging, losing 2.3% against Bitcoin and 3.1% against Ethereum over 24 hours.