{"id":27105,"date":"2026-02-24T13:59:13","date_gmt":"2026-02-24T13:59:13","guid":{"rendered":"https:\/\/icobench.com\/?p=27105"},"modified":"2026-02-24T13:59:32","modified_gmt":"2026-02-24T13:59:32","slug":"shiba-inu-death-cross-burn-rate-collapse","status":"publish","type":"post","link":"https:\/\/icobench.com\/news\/shiba-inu-death-cross-burn-rate-collapse\/","title":{"rendered":"Shiba Inu Price Prediction: Death Cross Just Hit \u2014 Is SHIB About to Break Down Hard?"},"content":{"rendered":"
Shiba Inu price prediction turns bearish as SHIB price just flashed a short-term death cross as price leans on key support near $0.00000590.<\/p>\n
SHIB is trading around $0.00000614, slipping alongside a broader market pullback that triggered heavy liquidations across crypto. The technical setup already looks fragile.<\/p>\n
On-chain signals are not helping. The SHIB burn rate has dropped sharply, and activity on the Shibarium network is cooling, with TVL down roughly 30%.<\/p>\n
The 2 hour chart confirms<\/a> the death cross, with the 50 period MA dropping below the 200 period MA. That crossover usually signals building downside momentum.<\/p>\n (Source: SHIBUSD \/ TradingView<\/a>)<\/p>\n It happened as SHIB fell to $0.00000590, which is now the key support bulls are trying to defend.<\/p>\n RSI remains in bearish territory, showing sellers still have control. Immediate resistance sits around $0.00000733. If $0.00000590 fails, the next support level comes in near $0.00000575.<\/p>\n To shift the short-term structure, bulls would need to reclaim $0.00000733 with strong volume. Until then, the trend stays tilted to the downside.<\/p>\n On-Chain Metrics Confirm Weakening Fundamentals<\/span><\/p>\n Beyond the chart, the fundamentals are not helping.<\/p>\n The burn rate has dropped sharply, with only a small number of tokens being removed from circulation each day. That weakens the scarcity angle that meme coins often lean on during strong cycles.<\/p>\n (Source: Shibburn<\/a>)<\/p>\n Liquidity is also tightening across the meme coin space. As depth thins, price becomes more sensitive to sharp moves. With open interest elevated relative to spot activity, a break below $0.00000590 could trigger a faster liquidation cascade.<\/p>\n Right now, both structure and fundamentals are leaning cautiously.<\/p>\n
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