Shiba Inu Price Prediction: SHIB Volume Explodes 149% but Burn Rate Drops 62% in One Week
Tech Shiba Inu Price Prediction: SHIB Volume Explodes 149% but Burn Rate Drops 62% in One WeekSHIB derivatives volume jumped 149% to $248.64M with open interest up 10%, signaling fresh positioning at a key resistance levelWeekly burn rate crashed 62% from 11.5M tokens on May 1 to under 1M by May 8, gutting the supply-reduction case right at the breakout zonePrice is pressing the $0.0000660 resistance band with the Supertrend bullish at $0.0000587, but the 100 and 200 EMAs still sit overhead Shiba Inu trades at $0.00000653 on May 11, one candle away from a resistance zone it has failed to break three times this year, as derivatives volume explodes 149% and the weekly burn rate quietly collapses 62% in the same week. Shiba Inu Daily Chart: Resistance Test With EMAs Still Overhead The daily chart shows SHIB has recovered sharply from the February lows near $0.0000052, grinding higher inside an ascending channel since late March. The Supertrend indicator flipped bullish at $0.0000587 and has held below price through the entire recovery, a positive signal. Price is now pressing directly into the $0.0000660 to $0.0000668 resistance band, the same zone that rejected multiple breakout attempts earlier this year. The EMA picture is mixed. The 20