Shiba Inu prices have returned to the spotlight, but not the usual hype. Over 600 million shiv tokens have been burned in the last 24 hours alone, increasing the burn rate of coins by more than 16,000%. It sounds like a bullish headline, but the prices are still low. As August approaches, traders are asking tougher questions. Is this just another retracement, or is Shiv’s price actually heading towards zero? Unpack what the chart says and how this record-breaking burn event will change your odds.
Shiba Inu Price Prediction: What does Shib Price Chart say?
The Shib Price Daily Chart offers mixed signals. Price Action just fell below the 20-day moving average after not exceeding the Fibonacci 0.5 level, which is currently close to 0.00001350. That’s not great news for the bull. There is a visible weakness when the candle moves towards the Bollinger band at the bottom.
The rejection at 0.00001550 is solid, and support at 0.382 Fibonacci level currently looks unstable. The 0.236 zone near 0.00001250 is the next test. If it breaks, the path to 0.00001100 opens immediately. Panic sales could further reduce Shiv as volumes surge down. Conversely, the presence of Fibonacci levels and the range of compression bollinger bands suggest a possible breakout in either direction. The current sideway drift is a retention pattern and is not yet a collapse.
Is coin burning actually working?
Over 600 million Shiv tokens were burned a day ago. But now, it’s part of a bigger change. The burn rate has increased by more than 16,000%. This is mainly because one anonymous wallet sends 600 million tokens to the void.
It’s not a one-off stunt. Shiba Inu’s Shibarium burn mechanism actively links the volume of transactions. The more you use the network, the more you lose the token. Supply has been narrowed down and the charts still do not reflect the full impact of this.
The combustion token should permanently reduce the total supply of circulation and, in theory, increase the value of the remaining coins. In Shib’s case, the latest burns wiped out more than 600 million tokens in a day. This will hit the supply a lot.
However, burns alone did not guarantee price movement, so the price did not bouncy. The market needs strong buying interest, volume and wider momentum.
But what burns achieve is a shift in long-term dynamics. Set the floor under prices, especially as the Shibarium network continues to link transaction activity to automatic burns. If Shib maintains a user base and expands network use, these normal burns will ultimately apply pressure to support a price valuation.
Why doesn’t the price explode yet?
Token Burn does not create a price spike overnight. They act like a slow poison to inflation. The market knows that Shiv’s supply is shrinking, but wants to be confirmed through higher demand or macro crypto rally. Without them, prices could even go down even further with aggressive burns.
Currently, Shiv Baan’s story is a strong story, but it fights against technical resistance and overall market fatigue. If Bitcoin or Ethereum shows a weakness, Shib can last regardless of the basis. This is a meme coin that responds quickly to changes in emotions.
Shiba Inu price forecast: Could Shib Price actually crash to zero?
No, it’s not August. Let’s be realistic. A complete crash to zero requires ecosystem collapse, developer abandonment, or regulatory intervention. That’s not happening. What Shib Price might face is an additional 15-25% slide if it breaks support of 0.00001250. But now zeros are not in the table.
If anything, aggressive burn activity is causing Shiv to parachute. As long as that continues and Shiv’s developers continue to stay active, the coin will continue to float.
Final Take
The price is falling, but we haven’t been out. Prices are short-term corrections and there is a risk of further decline if they can’t hold 0.00001250. However, more than 600 million tokens are wiped out in a day, so the burn engine is kicking into gear. It doesn’t mean moonshot, but that means there is a defensive mechanism in Shiba Inu Price.
So will Shiv crash to zero in August? Very unlikely. Before finding the base, can it bleed lower? It’s very possible. Please note that 0.00001250 level. If that’s held, the Bulls could have another chance. If not, buckle it.
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