Overview
- SHIB fell roughly 6% over two days to about $0.000012, dropping below its 20‑day average as Tuesday’s trading volumes slid to around $206 million.
- CoinGlass data show the perpetual futures funding rate at -0.0074%, with a recent $1.15 million exchange inflow and stagnant whale balances pointing to near‑term selling pressure.
- Price action sits below the 50‑ and 200‑day EMAs and a head‑and‑shoulders pattern highlights a neckline near $0.00001027 that technicians view as a key downside pivot.
- Shibburn recorded a 98.89% 24‑hour burn‑rate plunge to 223,914 SHIB, contrasting with a prior weekly burn tally above 631 million that marked a 367% jump.
- Analysts flag $0.000010 and $0.000007 as supports that have repeatedly absorbed selloffs, with upside scenarios toward ~$0.000033–$0.000036 contingent on a trendline break and stronger volume.