Shiba Inu Price Prediction: SHIB Burn Rate Explodes 191% As Double Bottom Targets $0.00000650

Shiba Inus burn rate spiked 191% on March 30, removing over 3.1 million tokens in a single day, and the 30-minute chart responded with a double bottom that has since pushed $SHIB up 4.15% to $0.00000603. The daily Supertrend and SAR are converging at $0.00000630 to $0.00000632, and futures volume jumped nearly 47% alongside the move, suggesting this is not just a low-volume drift higher.

$SHIB Daily Chart: Six-Month Channel Meets Its First Real Test

$SHIB Daily Price Action (Source: Coinbase)

Since the September peak near $0.000015, $SHIB has been locked inside a descending channel that has rejected every meaningful recovery attempt. The channels upper boundary is now approaching $0.00000750, and the lower boundary has been grinding the price toward $0.000003 if it continues its slope. Price is currently hugging the lower half of the channel, with the Supertrend at $0.00000630 and SAR at $0.00000632 converging just overhead.

Both indicators have been bearish without interruption since October. A daily close above $0.00000632 would flip the SAR to support for the first time in five months, which would mark the first structural shift in the daily trend since the channel began. Until that close happens, the channel remains intact and every rally is technically a lower high in progress.

Key levels:

• SAR resistance: $0.00000632
• Supertrend resistance: $0.00000630
• Channel upper boundary: $0.0000075
• Channel lower boundary: $0.000004 to $0.00000450
• Downside if channel floor breaks: $0.000003

Double Bottom On The 30-Minute Chart Points To Short-Term Momentum

$SHIB 30-Minute Price Action (Source: Coinbase)

The 30-minute chart shows a clean double bottom pattern. The first trough formed on March 27 near $0.00000575, followed by a recovery to $0.000006, a second dip to $0.00000568 on March 29, and a sharp recovery that has now pushed price back above $0.000006. The neckline of the pattern sits at approximately $0.00000605 to $0.00000610, which is exactly where $SHIB is pressing right now.

RSI reads 73.01 on the 30-minute with the signal line at 66.12, both in overbought territory after the morning spike. VWAP sits at $0.00000594 to $0.00000601, and price is trading above all three VWAP levels, confirming the intraday buyers are in control. The RSI reading is worth watching closely: at 73, a short-term pullback to digest the move before another leg higher is more likely than a continuation straight through the neckline. A hold above $0.00000594 VWAP on any pullback keeps the double bottom thesis intact.

Key levels:

• Double bottom neckline: $0.00000605 to $0.00000610
• VWAP support: $0.00000594
• Pattern target: $0.00000640 to $0.00000650
• Invalidation below: $0.00000568

$SHIB Burn Rate Spikes 191% As Supply Removal Accelerates

$SHIB Burn Data (Source: Shibburn)

The burn rate climbed 191.10% in the last 24 hours, with 3,135,154 $SHIB sent to dead wallets. The largest single transaction in the recent log was 1,734,740 $SHIB burned 15 hours ago, followed by 1,020,035 five hours ago and 290,000 nine hours ago. Over 410.75 trillion $SHIB has been permanently removed from the original supply since launch, leaving 585.48 trillion in circulation with 3.76 trillion staked in xSHIB.

A burn rate surge of this magnitude on a day when price is already up 4.15% adds a secondary tailwind. Daily burns at this scale do not shift Shiba Inus supply picture meaningfully in isolation, but a 191% spike draws retail attention and reinforces the narrative at exactly the moment the chart is attempting a technical breakout. With 24-hour volume at $91M and the market cap back above $3.54B, there is enough liquidity for the move to sustain if derivatives positioning holds.

$SHIB Derivatives: Volume Spike With Longs In Control

$SHIB Derivatives Data (Source: Coinglass)

Futures volume surged 46.73% to $131.93M while OI rose 6.66% to $57.28M. Volume and OI rising together points to fresh positioning entering the market rather than existing positions simply rolling over, which is the more constructive of the two readings. The 24h long/short ratio sits at 0.6383, meaning shorts have a numerical edge in account count, but OKX accounts lean bullish at 1.92.

The liquidation data tells the cleaner story: $113.97K in longs were cleared over 24 hours against just $7.38K in shorts. Longs absorbed the overnight volatility while shorts barely got touched, which is consistent with a market where buyers are aggressive but keep getting shaken out at resistance before the move completes. OI at $54.89M remains a fraction of the $500M peak seen in January, leaving considerable room for leverage to build if the daily SAR flip confirms.

$SHIB Price Prediction: What Happens Next This Week

• Upside:A daily close above $0.00000632 flips both the SAR and Supertrend to support simultaneously, the first such event since October. From there the double bottom measured target of $0.00000640 to $0.00000650 comes into range, and a sustained move above that opens the channel midline near $0.00000750. Burn rate staying elevated and OI continuing to climb would confirm the breakout has participation behind it.
• Downside:RSI at 73 on the 30-minute creates short-term pullback risk before the SAR flip is confirmed. Losing VWAP at $0.00000594 on a 30-minute close and failing to reclaim it would signal the double bottom is losing steam. A retreat below $0.00000568 invalidates the pattern entirely and puts $0.00000550 back in view, with the descending channel remaining the dominant structure heading into April.