Overview

• SHIB trades near $0.0000126–$0.000013 after a mid-August pullback of roughly 20% from this month’s high.
• CoinGlass shows the perpetual funding rate at -0.0074% and on-chain data flags a recent $1.15 million inflow to exchanges, signaling short-term selling pressure.
• Chart watchers highlight a bearish head-and-shoulders setup with a neckline near $0.00001027 as SHIB trades below its 50- and 200-day EMAs.
• Analysts flag weekly supports at $0.000010 and $0.000007 that have sparked prior rebounds, with upside toward roughly $0.000032–$0.000036 only if resistance breaks.
• Community metrics show a 631 million weekly burn, a 367% jump, plus Shibarium usage topping 1.5 billion transactions with about 267,000 active addresses, and a planned Chainlink CCIP link.