Only 1 Billion Shiba Inu (SHIB) Burned in 24 Hours: Bears Exhausted

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Shiba Inu's downtrend's health Shiba Inu's on-chain side Advertisement Shiba Inu is still structurally weak , but the pressure  is finally decreasing and that matters more than the price itself right now. Lack of centralized exchanges inflows is a chance for SHIB bulls to breath in and continue the fight for relevant price thresholds. Shiba Inu's downtrend's health SHIB remains in a long-term downtrend, trading below all major moving averages, including the long-term baseline. The recovery attempt we are seeing is confined to a narrow ascending channel, which is more of a controlled bounce than a trend reversal. SHIB/USDT Chart by TradingView The price is slowly grinding higher with higher lows, but it is constantly running into resistance around the short-term moving averages. That keeps the move constrained and low conviction. HOT Stories $1.56 Million Whale Re-Activates With SHIB and PEPE, XRP Stages $25 Million Comeback to Snap ETF Losing Streak, Binance Drafts 7 New AI, Gold and DeFi Pairs - Morning Crypto Report Ripple Vet Defends Controversial 2017 XRP Price Take Volume confirms that. There is no expansion during the push upward, which means buyers are not stepping in aggressively. This kind of structure usually signals either continuation of consolidation or a slow bleed rather than a breakout. Advertisement Shiba Inu's on-chain side Now the important part is the on-chain side . Exchange reserves are slightly increasing, and net flows are positive. That means more SHIB is still entering exchanges than leaving, which is not bullish on its own. However, the scale of these inflows is relatively small compared to previous periods. Inflow totals are up, but not aggressively, and outflows are also increasing, keeping things somewhat balanced. You Might Also Like Sun, 04/26/2026 - 05:09 Shiba Inu Hits 1.58 Million Holders as Adoption Grows By Caroline Amosun This creates a different environment compared to earlier phases of the downtrend. Before, you had strong inflows driving clear sell pressure. Now, you have weak inflows that reduce the intensity of selling. That does not flip the trend, but it removes the main driver of sharp downside moves. Advertisement The result is a market that leans toward stagnation . Less selling pressure does not automatically create buying pressure. It just slows things down. Going forward, the most likely scenario is continuation of this shallow upward drift or sideways movement. A breakdown is still possible, especially if inflows start increasing again, but it would probably be less aggressive than previous legs down. For a real shift, you would need to see sustained outflows from exchanges and a clear expansion in volume on the price side. #Shiba Inu #Shiba Inu (SHIB) Price Prediction