- SHIB trades near $0.0000160 with resistance at $0.0000187 and $0.0000202 on Fibonacci retracement levels.
- The burn rate rose 440% in 24 hours, removing 376K SHIB, although the overall supply impact remains modest.
- Long-term projections target $0.0000263 and extensions near $0.0000804 if bulls break the yellow trendline.
Shiba Inu may see a small rally, but price action remains within a broader range capped by a key yellow trendline. Chart projections suggest bulls must break above this resistance to confirm a lasting uptrend.
Technical Outlook and Resistance Levels
The chart shared on September 18, 2025, outlines Shiba Inu’s price action using Elliott Wave counts and Fibonacci retracement zones. It shows SHIB trading near $0.0000160, with multiple resistance levels mapped out between $0.0000187 and $0.0000263.
The structure highlights an extended corrective phase. The analysis places SHIB in a wave (2) corrective zone, with immediate resistance around the 38.2% retracement at $0.0000153. Additional resistance appears at the 50% retracement of $0.0000187 and the 61.8% retracement of $0.0000202.
The chart also shows a major yellow descending trendline acting as a ceiling since earlier highs. Until bulls can push the price above this line, SHIB is expected to remain in range-bound trading. The long-term projection marks broader wave counts extending into 2026 and 2027.
Burn Rate and Market Dynamics
Alongside technical projections, market data shows a notable development in SHIB’s tokenomics. Reports confirm Shiba Inu’s burn rate surged 440% within 24 hours. This increase resulted in 376,000 SHIB tokens being permanently removed from circulation.
Although the number burned is relatively modest compared to total supply, the positive shift marked the first significant upward move in weeks. Burn mechanics are designed to reduce circulating supply, and even small improvements tend to capture community attention.
Market observers noted that the higher burn rate coincided with improved weekly totals, suggesting renewed activity within the ecosystem. However, analysts caution that sustained effects on price require consistent burning alongside market momentum.
Social responses to the report reflected optimism, with some noting that higher burns could support long-term scarcity. Others pointed out that the overall impact remains limited unless paired with broader demand growth.
Broader Market Context and Projections
The SHIB chart includes long-term projections stretching into 2026 and 2027, with broader wave structures suggesting larger corrective and impulsive phases ahead. Wave counts mark the current move as part of a larger Elliott Wave sequence, with support levels highlighted near $0.0000135.
If bullish momentum builds and the price breaks above $0.0000202, SHIB could test the upper resistance levels around $0.0000263. Beyond this range, Fibonacci extensions place potential long-term targets near $0.0000804 and $0.0001288. These levels align with projected wave (b) and wave (Y) structures.
Until such levels are reached, SHIB remains locked in consolidation. Analysts continue to track the interaction between token burns, market volume, and technical resistance. Traders now focus on whether SHIB can sustain momentum long enough to challenge the descending yellow trendline.
The central question remains: can Shiba Inu’s combination of technical support, rising burn activity, and long-term projections finally drive a breakout beyond its range?
