Daily Cryptocurrency Analysis: Shiba Inu (SHIB)

Market Performance and Analysis:

Based on the latest data as of June 23, 2026, SHIB continues to weaken along with the broader market. The daily chart has fallen below a converging structure and is facing stronger downside selling pressure.

Price Movement: Currently trading in the $0.00000460–$0.00000475 range (about 0.00015 TWD). The decline so far this year has already exceeded 30%, and the overall focus continues to drift lower.

Technical Analysis: The daily chart structure unfortunately broke below the lower boundary of a descending triangle that has lasted for several months. Bulls are currently struggling to defend the annual low at $0.00000430. If this level is lost, it could further accelerate a move down to the psychological $0.00000300 mark. The first major resistance above has shifted down to the 20-day moving average (approximately $0.00000550–$0.00000560).

Fundamentals and Ecosystem Developments:

Burn Rate Sinks to a Near Standstill: On-chain data shows that although the official continues to promote the expansion of the Shibarium Layer-2 network, SHIB’s 7-day token burn rate (Burn Rate) has recently plunged by 53.7%. Overall, burn activity is nearly at a standstill, unable to provide meaningful deflationary/inflationary counterpressure for the secondary market.

Capital Transfers and Structural Challenges: As the crypto market structure becomes more mature, during this deleveraging wave, large-scale funds and new retail investors are more inclined to move into high-performance Layer-1 ecosystems with entirely new narratives (such as Solana and Base). Liquidity in purely speculative, old-school meme coins is being chronically drained.

Disclaimer: For reference only and not investment advice. Meme assets are highly volatile—please be sure to manage risks carefully.

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