Shiba Inu (SHIB) remained under bearish technical pressure as the token attempted to form a stable base following a prolonged decline. The SHIB/USD daily chart showed the price trading near $0.00000419, slightly above the recent low of $0.00000404, according to a TradingView chart. While selling momentum has slowed, buyers have not yet generated enough strength to produce a meaningful recovery.

Key exponential moving averages continue to reinforce the bearish structure, open interest has fallen sharply, and steadier exchange-flow data suggests traders are waiting for stronger confirmation before increasing activity. At the same time, Shiba Inu’s burn data shows that more than 41% of the token’s initial supply has been permanently removed from circulation, an important supply-side metric for a token whose initial issuance was one quadrillion SHIB.

SHIB Remains Below Major Moving Averages

SHIB continues to trade below the 20-day, 50-day, 100-day, and 200-day exponential moving averages, keeping the broader technical structure under bearish control. The 20-day EMA at $0.00000425 and the 50-day EMA near $0.00000454 are acting as immediate resistance levels.

Longer-term resistance remains higher. The 100-day EMA stands at $0.00000503, while the 200-day EMA is near $0.00000607, underscoring the distance SHIB bulls would need to recover before the medium-term setup changes.

Recent daily candles show narrow trading ranges and limited movement, indicating tight consolidation. That pattern suggests sellers have lost some momentum, though buyers still need stronger demand and volume to shift the market structure.

The Directional Movement Index also points to a cautious setup. The ADX reading of 22.37 indicates a moderate but weakening trend. Meanwhile, the -DI remains higher at 25.91, compared with the +DI at 16.55. Bears therefore remain in control, although the narrowing gap between the indicators suggests that selling pressure is continuing to fade.

Open Interest Drops as Speculative Activity Slows

Shiba Inu’s derivatives market has seen significant swings alongside price movements. Open interest previously rose sharply during rallies, climbing above $500 million as traders increased leveraged positions.

Those increases, however, reversed quickly during market corrections. Traders closed positions, while liquidations reduced speculative exposure. More recently, open interest has declined sharply to about $32.96 million.

The drop points to weaker trader confidence and lower activity in the futures market. In derivatives markets, open interest tracks the value of outstanding contracts and is often used to gauge whether leveraged traders are adding or reducing exposure. Reduced leverage also suggests investors remain cautious while waiting for clearer directional signals. A recovery in open interest alongside rising prices could indicate renewed market participation, but current derivatives data still shows subdued speculative demand.

Exchange Flows Show Early Stabilization

SHIB spot-market activity has shown signs of gradual stabilization, according to Coinglass. Earlier periods recorded heavy net outflows, including several negative spikes of more than $7 million, reflecting heightened selling pressure during the price decline.

Recent exchange-flow data has become more balanced. The latest figures show a modest net inflow of approximately $419.78K. This suggests buyers are slowly returning, though accumulation remains limited.

Reduced volatility in inflow and outflow patterns also indicates that both buyers and sellers are waiting for stronger confirmation from the broader market before taking more aggressive positions. Because exchange flows can shift quickly, sustained patterns are generally more informative than a single daily reading.

Shiba Inu Burn Data Shows 41.08% of Initial Supply Removed

Shiba Inu continues to reduce supply through its burn mechanism. According to Shibburn, around 410.84 trillion SHIB tokens have been permanently removed from circulation. That represents 41.08% of the initial one quadrillion SHIB supply.

The remaining supply is near 589.16 trillion SHIB, while circulating supply is around 585.62 trillion tokens. The burns reflect the project’s long-term effort to reduce supply and create scarcity.

However, supply reduction alone may not lead to immediate price growth. Token burns reduce available supply, but market impact also depends on the pace of burns relative to total supply, trading demand, liquidity, and broader crypto conditions. For SHIB to recover, the token would need stronger demand, improved market conditions, and a break above key resistance levels.

Key Technical Levels for SHIB

SHIB is trading near a critical support zone, with key levels clearly defined.

On the upside, immediate resistance is located at $0.00000431–$0.00000436, followed by $0.00000448 and $0.00000475. A sustained breakout above $0.00000495 could open the way toward the 100-day EMA at $0.00000503. A stronger rally could eventually target the 200-day EMA near $0.00000607.

On the downside, initial support remains at $0.00000404, followed by the psychological $0.00000400 level. A daily close below that area could accelerate losses and extend the current downtrend.

The main resistance ceiling remains the 100-day EMA at $0.00000503, followed by the 200-day EMA at $0.00000607. Bulls would need to reclaim those levels to shift the medium-term trend.

The current technical structure shows SHIB consolidating after an extended decline. Price volatility has contracted, and the narrowing gap between the DMI indicators suggests bearish momentum is gradually weakening. Even so, buyers still require stronger volume and broader market support before a confirmed trend reversal can develop.

Near-Term Outlook Depends on Support and Resistance

Shiba Inu’s near-term outlook depends on whether buyers can continue defending $0.00000404 while building enough momentum to overcome the $0.00000448–$0.00000475 resistance zone.

Improving spot inflows and slower selling pressure offer early indications of stabilization. However, the decline in open interest shows speculative demand remains limited.

If SHIB breaks above $0.00000495 and reclaims the 100-day EMA, bullish momentum could strengthen and open a path toward $0.00000607. Conversely, a move below $0.00000404 would invalidate the current base-building attempt and increase the risk of fresh lows.

For now, SHIB remains at a decisive technical point, with the next major move likely dependent on renewed buying interest, sustained volume, and improved market conditions.

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