Daily Coin Analysis: Shiba Inu (SHIB)

Market Performance and Analysis:

Based on the latest data as of June 20, 2026, driven by Bitcoin (BTC) dipping back to the edge of $63,000 after JPMorgan warned miners to sell, the overall meme coin sector faced a double hit of profit-taking and deleveraging, and SHIB’s price action also slipped into a short-term oscillation and correction.

Price Dynamics: Currently trading in the $0.00001550–$0.00001620 range (around 0.00051–0.00053 TWD), with a 24-hour drop of about 6.8%, as it follows the market-wide structural attempt to form a bottom.

Technical Analysis: On the short-term daily chart, SHIB has broken below the 50-day moving average (around $0.00001780). Bulls are currently doing everything they can to retreat and build a key integer support band at $0.00001450–$0.00001500. If the price can stabilize here successfully, it may form a daily-level double-bottom rebound. The overhead resistance level has moved down to $0.00001800. The RSI indicator is currently falling to around 39, entering a weak oversold range, suggesting that short-term selling pressure still needs time to be digested.

Ecosystem Developments and Fundamental Progress:

Shibarium Burn Mechanism and Hard Fork (Bor 1.3) Upgrade: Although the coin price has been pressured by macro factors, Shiba Inu’s Layer 2 network Shibarium successfully completed the key Bor 1.3 hard fork upgrade in mid-month. This has significantly improved the network’s block processing speed, and optimized the efficiency of automatically burning SHIB per transaction by 30%. According to Shibburn data, in the past 48 hours, SHIB’s burn rate (Burn Rate) has surged by 120% against the trend, providing tangible support for the token’s long-term deflationary inflation model.

“Smart Money” Whales Accumulating Against the Trend: On-chain data (IntoTheBlock) shows that during the recent 24-hour market downturn, the net inflow for “whale addresses” holding between 0.1% and 1% of the total supply increased by 45% against the trend. This indicates that while retail investors are panic-selling, long-term whales and ecosystem funds are using prices below $0.00001600 to systematically accumulate in batches.

Disclaimer: For reference only and not investment advice. Meme coins and ecosystem assets carry high volatility risks—please evaluate carefully.

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