{"id":10012,"date":"2026-06-19T15:57:26","date_gmt":"2026-06-19T15:57:26","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=10012"},"modified":"2026-06-19T15:57:26","modified_gmt":"2026-06-19T15:57:26","slug":"shiba-inu-shib-struggles-near-key-support-as-burn-rate-and-shibarium-activity-weaken","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=10012","title":{"rendered":"Shiba Inu (SHIB) struggles near key support as burn rate and Shibarium activity weaken"},"content":{"rendered":"<p><\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/04\/Shiba-Inu-token-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/04\/Shiba-Inu-token-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/04\/Shiba-Inu-token-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/04\/Shiba-Inu-token-smartcrop-363x181.png\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/04\/Shiba-Inu-token.png\" alt=\"Shiba Inu price analysis\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Shiba Inu (SHIB) trades near $0.00000476 with weak short-term momentum.<\/li>\n<li>Shiba Inu burn activity has dropped to about $5 worth of SHIB daily.<\/li>\n<li>SHIB\u2019s price remains below all major EMAs, maintaining a bearish trend.<\/li>\n<\/ul>\n<p>Shiba Inu is trading at $0.00000476, holding a tight range between $0.000004638 and $0.000004789 over the past 24 hours.<\/p>\n<p>The memecoin has remained under pressure in recent sessions, with a -0.4% daily change, extending a broader weakness that has seen it fall 17% over the past 30 days and nearly 59% over the past year.<\/p>\n<p>Market activity, however, remains elevated, with 24-hour trading volume at roughly $54.7 million.<\/p>\n<h2>SHIB price structure tightens as support zone comes under pressure<\/h2>\n<p>Shiba Inu is testing a support region around $0.0000046, while a deeper support level sits at $0.00000430.<\/p>\n<p>On the upside, resistance is forming near $0.0000048, with a further barrier at $0.00000491.<\/p>\n<p>Notably, SHIB is trading below all major daily exponential moving averages (EMAs), including the 10-day, 20-day, 50-day, 100-day, and 200-day EMAs.<\/p>\n<p>This alignment places the broader trend firmly in bearish territory, with no short-term average currently supporting price from below.<\/p>\n<p>In addition, out of 23 tracked technical indicators, 13 are bearish, 9 neutral, and only 1 bullish, giving bears roughly 57% control of the signal distribution.<\/p>\n<p>The RSI (14) sits around 35.47 on the daily chart, while the weekly reading is near 35.68, both pointing to nearly oversold conditions.<\/p>\n<p>While this does not confirm a reversal, it does suggest the market is approaching levels where short-term reactions have historically occurred.<\/p>\n<p>A close below $0.00000455 would expose SHIB to lower support levels, while a recovery above $0.0000048 would be required to shift short-term momentum toward $0.00000507.<\/p>\n<p><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-365401\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/06\/SHIBUSD_2026-06-19_18-10-35.png\" alt=\"Shiba Inu price chart\" width=\"1504\" height=\"904\"\/><\/p>\n<h2>Burn activity and Shibarium engagement decline<\/h2>\n<p>Shiba Inu token burn activity has weakened significantly.<\/p>\n<p>Data from the Shibburn website shows that daily burns have fallen to extremely low levels, with estimates indicating only around 1 million SHIB burned per day, valued at roughly $5.<\/p>\n<p>Weekly burn totals remain similarly small, around 15 million SHIB, worth approximately $75.<\/p>\n<p>At current levels, the burn activity has minimal effect on SHIB\u2019s total supply dynamics.<\/p>\n<p>The scale of the supply reduction is too small to influence price behaviour in the short or medium term, especially during periods of weak demand.<\/p>\n<p>Shibarium activity has also shown limited market impact recently.<\/p>\n<p>While the Layer-2 network continues to process transactions, there has been no measurable effect on SHIB price stability or upside momentum in recent trading sessions.<\/p>\n<p>The lack of strong network-driven demand has left price action largely dependent on broader market sentiment and technical levels.<\/p>\n<h2>Exchange flows show accumulation, but price response remains weak<\/h2>\n<p>Exchange flow data presents a mixed picture.<\/p>\n<p>CryptoQuant has stated that total SHIB exchange reserves have dropped below 80 trillion tokens.<\/p>\n<p>Net outflows of approximately 266 billion SHIB in 24 hours have been recorded, suggesting that holders are moving tokens off exchanges, a behaviour often associated with accumulation or longer-term holding.<\/p>\n<p>Despite this, the Shiba Inu price has not reacted strongly to the shift in flows.<\/p>\n<p>SHIB continues to trade near the lower end of its recent range, indicating that buying pressure has not yet outweighed broader selling activity.<\/p>\n<p>This divergence between on-chain accumulation and price response highlights a market that is still waiting for stronger confirmation from demand-side activity.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>Markets,Meme Coin News,Shiba Inu News#Shiba #Inu #SHIB #struggles #key #support #burn #rate #Shibarium #activity #weaken1781884646<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu (SHIB) trades near $0.00000476 with weak short-term momentum. Shiba Inu burn activity has dropped to about $5 worth of SHIB daily. SHIB\u2019s price remains below all major EMAs, maintaining a bearish trend. Shiba Inu is trading at $0.00000476, holding a tight range between $0.000004638 and $0.000004789 over the past 24 hours. The memecoin<\/p>\n","protected":false},"author":1,"featured_media":8190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-10012","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eurozone"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shiba Inu (SHIB) struggles near key support as burn rate and Shibarium activity weaken - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) struggles near key support as bearish signals, weak burns, and low Shibarium activity pressure price with risk of further downside.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=10012\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu (SHIB) struggles near key support as burn rate and Shibarium activity weaken\" \/>\n<meta property=\"og:description\" content=\"Shiba Inu (SHIB) struggles near key support as bearish signals, weak burns, and low Shibarium activity pressure price with risk of further downside.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=10012\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-19T15:57:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/Shiba-Inu-token-1024x683.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=10012\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=10012\",\"name\":\"Shiba Inu (SHIB) struggles near key support as burn rate and Shibarium activity weaken - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=10012#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=10012#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/Shiba-Inu-token.png\",\"datePublished\":\"2026-06-19T15:57:26+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Shiba Inu (SHIB) struggles near key support as bearish signals, weak burns, and low Shibarium activity pressure price with risk of further downside.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=10012#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=10012\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=10012#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/Shiba-Inu-token.png\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/Shiba-Inu-token.png\",\"width\":1536,\"height\":1024},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=10012#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Shiba Inu (SHIB) struggles near key support as burn rate and Shibarium activity weaken\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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