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Shiba Inu trades at $0.0000056 on May 25, clinging to a multi-week support floor after a sharp rejection from the $0.00000668 resistance zone, as burn activity and derivatives data both flash warning signs heading into the week.
Is $SHIB Bearish Right Now? Every EMA Says Yes
$SHIB Daily Price Action (Source: TradingView)
The daily chart is bearish across every EMA. Price sits below the 20 EMA at $0.00000592, the 50 EMA at $0.00000604, the 100 EMA at $0.00000630, and the 200 EMA at $0.00000732. The Parabolic SAR dot at $0.00000606 sits above price, confirming the downtrend is still active.
The resistance zone between $0.00000660 and $0.00000680 rejected $SHIB twice in May. That level lines up with the 100 EMA, making it a double ceiling bulls need to clear before any recovery gets traction. The current bounce off $0.00000554 lows looks fragile without a volume catalyst behind it.
$SHIB Key levels to watch:
- Resistance: $0.00000592 (20 EMA), $0.00000660 (zone top)
- Support: $0.00000554 (recent low), $0.00000510 (next demand area)
$SHIB Burn Rate Dropped 80% in 7 Days: What That Means for Price?
Burn activity tells a similar story. The 7-day burn chart shows a massive spike on May 19, with burns briefly touching 21 million $SHIB in a single session. By May 24, that number had collapsed to roughly 2 million, a 79.96% weekly decline. The 24-hour burn rate is down another 58.32%, with the most recent burns totaling under 2 million $SHIB across three transactions.
At this burn pace, supply reduction pressure is negligible. The May 19 event looks like an isolated spike rather than a trend, which removes one of $SHIB’s few bullish catalysts from the equation right now.
$SHIB Derivatives Breakdown: Bears Control the Order Book
$SHIB Derivatives Analysis (Source: Coinglass)
Futures volume climbed 20.88% to $125.60M while open interest edged up just 2.27% to $53.88M. Volume rising faster than OI usually points to short-term speculation rather than fresh conviction. The long/short ratio on Binance sits at 0.4041, meaning shorts dominate the order book by a wide margin.
Long liquidations hit $90.79K over 24 hours against just $17.33K for shorts. Bears are in control of the futures market.
$SHIB Price Prediction for May 26
- Upside case: A clean reclaim of $0.00000592 flips the 20 EMA into support, opening a path toward $0.00000630 and eventually the resistance zone at $0.00000668.
- Downside case: Failure to hold $0.00000554 exposes $SHIB to $0.00000510, with $0.00000480 as the next meaningful floor below that.
