Shiba Inu Market Signals Mixed as Burn Activity Slows
- Burn Activity Decline: Despite burning 1,040,871 SHIB tokens in the last 24 hours, daily burn activity has dropped by 90.19%, indicating a significant reduction in short-term participation that may affect market confidence.
- Surge in Holder Numbers: The total number of SHIB holders has reached 1,585,193, with 10,718 new holders added in a single day, marking the largest daily increase recorded in 2026, reflecting sustained interest in the Shiba Inu ecosystem.
- Price Stability: SHIB is currently trading at $0.000006182, with a 2.29% increase over the past week, showing relative price stability despite reduced market volatility, indicating some resilience in the market.
- Community Focus on New Developments: Shiba Inu ambassador Kusama's recent community discussion has drawn attention, with a focus on spiritual themes rather than technical updates, while his cryptic social media messages continue to fuel community speculation about future developments.
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Technical Analysis for KSM
Technical Sentiment Analysis for Kusama (KSM). As of , Kusama (KSM) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for KSM 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 crypto.
Support, Resistance & Moving Averages. From a structural perspective, KSM 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 $-.
Kusama (KSM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.698 | 2.659 | 3.778 | 5.739 | 6.858 | 8.819 | 9.938 |
| Fibonacci | 2.659 | 3.836 | 4.562 | 5.739 | 6.916 | 7.642 | 8.819 |
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