SHIB Price Analysis Tracks Levels Volume and Burn Surge

The SHIB price is still low at $0.000004468, as the trade volume dropped, and there is resistance above.
SHIB burn was up by 2,842%, as 113.63 million coins were transferred to dead wallets in one day.
SHIB holder count stood at 1,678,912, with 130,282 additional holders

SHIB price remains under pressure as the token trades near $0.000004468, down 2.4% over the past 24 hours, according to Trading view data. The decline has left SHIB close to its daily low after selling pressure increased during the session.

However, 24-hour trading volume reduced by 53.25% to $40.2 million, while the market capitalization of the token remained at $2.63 billion. The short-term technical indicators are weak too since the coin is currently trading below several important moving averages and the RSI in the 4-hour timeframe is below the 50 neutral level.

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SHIB Price Trading Below Important Moving Averages

The price of SHIB on the 4-hour chart is currently trading at $0.00000447 following the failure of the recent uptrend. The mid-line of the Bollinger Bands is located at the level of $0.00000451.

Moreover, the chart of moving averages has a number of resistance areas as well. The 20-period EMA is estimated to be at the level of $0.00000452, while 50-, 100-, and 200-period EMAs are located between the levels of approximately $0.00000456 and $0.00000460.

Source: Trading View

The RSI indicator is at the level of 43.56 compared to its moving average that is at the level of 51.20. Although RSI is still below 50, it has not entered the oversold zone yet.

Technical levels that can be found on the provided charts are:

Immediate resistance – $0.00000451
Major resistance – $0.00000460 to $0.00000467
Immediate support- $0.00000435 to $0.00000439

An action above $0.00000464 would be positive for the technical setup, while a breach below $0.00000439 would bring into play the lower Fibonacci levels marked on the chart.

SHIB Price Technical Levels Reveal Tight Trading Range

In the most recent resistance and support chart, the resistance is placed at $0.00000467, while support is at $0.00000435.

The earlier Fibonacci analysis identified additional downside levels at $0.00000433 and $0.00000427. A further decline could bring $0.00000420 into focus, while the 1.618 Fibonacci extension was marked near $0.00000400.

On the upside, the Bollinger Band upper level was around $0.00000464. The 4-hour moving averages also create resistance between $0.00000452 and $0.00000460.

Indicator or level	Reported figure
SHIB price	$0.000004468
24-hour change	-2.4%
24-hour volume	$40.2 million
Volume change	-53.25%
Market capitalization	$2.63 billion
RSI	43.56
Immediate support	$0.00000435-$0.00000439
Key resistance	$0.00000460-$0.00000467

Shibarium Continues SHIB Burns Through ShibTorch

While the SHIB price has remained weak, Shibarium-related activity continues to contribute to token burns. Shiba Inu community member Mazrael said in a recent X reply that Shibarium continues to burn SHIB through ShibTorch.

According to Mazrael, Shibarium uses BONE as its gas token, while transaction base fees collected in BONE are converted into SHIB through ShibTorch. The resulting SHIB tokens are then permanently removed from circulation.

Mazrael also said a few hundred million SHIB had been burned through ShibTorch over the previous couple of weeks despite relatively limited activity on Shibarium. The comments came in response to a question about whether BONE remained relevant within the ecosystem.

SHIB Burn Rate Jumps 2,842%

Separate figures from Shibburn showed a sharp increase in reported SHIB burn activity over the previous 24 hours. A total of 113.63 million SHIB tokens were reportedly sent to dead wallets during that period, representing a 2,842% increase in the daily burn rate.

Weekly burn activity also increased. Shibburn reported that 147.05 million SHIB had been burned over seven days, representing a 579% rise in the weekly burn rate.

The reported figures provide two separate timeframes for burn activity:

113.63 million SHIB burned in 24 hours.
147.05 million SHIB burned over seven days.

SHIB Holder Count Continues to Rise

The on-chain holder base has also continued to increase. The provided data puts the number of SHIB holders at 1,678,912.

An update from Etherscan’s SHIB X account reported 98 new holders during the previous day. SHIB added 728 holders during August, according to the provided figures.

Since the beginning of 2026, the token has gained 130,282 holders. The holder figures represent continued growth in the number of addresses holding SHIB while the SHIB price remains below the key technical levels identified on the 4-hour charts.