Overview

• SHIB is hovering near $0.0000105–$0.0000110 with nearby resistance around $0.00001137–$0.00001178, a zone traders view as the next hurdle.
• Crypto.news flags a bearish descending triangle and a break‑and‑retest setup, projecting potential downside toward roughly $0.0000060 if support fails.
• CoinJournal and Brave New Coin highlight accumulation signals and a bullish wedge, with upside scenarios contingent on a clean volume‑backed breakout.
• On‑chain flows conflict, with earlier reports of large exchange outflows and accumulation contrasted by this week’s rising exchange balances and whale selling.
• Burn data remain mixed, with recent spikes cited by CoinJournal but a notably low 24‑hour burn reported Wednesday, as Shibarium TVL slips to about $865,000 following the ShibaSwap hack.