November Shiba Inu (SHIB) Token Burn Count Revealed
SHIB Token Burn Activity: In November, the Shiba Inu (SHIB) community conducted 248 burn transactions, eliminating approximately 163 million tokens from circulation, with a peak of over 60 million burned on November 26.
Market Dynamics: The total supply of SHIB has decreased significantly since the burn program's inception in 2022, with 410.75 trillion tokens burned, leaving 585.26 trillion in circulation.
Exchange Netflow Trends: The amount of SHIB held on centralized exchanges has dropped to around 81.2 trillion, the lowest since spring 2021, indicating a shift towards self-custody and potentially reducing selling pressure.
Price Predictions and Market Sentiment: Despite a 90% decline from its all-time high, some analysts remain optimistic about SHIB's potential for recovery, with predictions of a possible surge in value before the end of 2025.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB) As of , Shiba Inu (SHIB) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000307 | 0.00000407 | 0.00000524 | 0.00000624 | 0.00000741 | 0.00000841 | 0.00000958 |
| Fibonacci | 0.00000407 | 0.0000049 | 0.00000541 | 0.00000624 | 0.00000707 | 0.00000758 | 0.00000841 |
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