#GateMemeCarnival #SHIB

SHIB failed to surpass the $0.000006 threshold despite its September recovery

Shiba Inu failed to break past the $0.000006 mark despite a recovery at the end of September.

$SHIB rose from levels below $0.000005 seen earlier in the month but remained below $0.0000061.

The burn rate dropped by more than 91%, yet the price remained relatively flat.

Dropping below $0.0000055 could undermine the September recovery.

As of September 30, Shiba Inu was trading around $0.00000576, having risen as high as $0.00000591 the previous day. Although the token—which dipped below $0.000005 at the start of the month—showed a notable recovery in recent weeks, it failed to establish itself above the $0.000006 level.

A critical zone for further gains

In the short-term outlook, the key threshold lies in the $0.000006 to $0.0000061 range. SHIB tested this zone several times over the past week but could not achieve a sustained breakout. Consequently, surpassing this range remains crucial for buyers to regain momentum.

The technical outlook suggests that if the $0.0000061 level is reclaimed, the price could head toward $0.0000067. Under stronger market sentiment, the $0.0000072 level could also come into play. However, at this stage, SHIB remains trapped just below this band.

The price held steady despite the sharp drop in the burn rate.

SHIB’s burn rate recently fell by more than 91%. Yet, the fact that the price remained relatively stable demonstrated that the narrative centered on supply reduction is not the sole determinant in the short term. Shiba Inu is known as a meme coin developed on the Ethereum network that stands out due to its broad investor base.

The sharp decline in the daily burn volume coincided with a period when the price was pulling back from the resistance zone. This scenario suggests that, while burn data attracts attention, factors such as liquidity conditions, demand for meme coins, and market structure can play a more significant role in short-term price movements.

The slowdown in the burn rate did not trigger a significant price collapse; liquidity and risk appetite remained the dominant forces driving short-term movements.
Key Scenarios

In a bullish scenario, SHIB needs to first hold above the $0.0000055–$0.0000056 range and then reclaim the $0.0000061 level. If this condition is met, $0.0000067 emerges as the next logical target.

In a more balanced scenario, the price could be expected to continue fluctuating within the $0.0000055–$0.0000061 range. This outlook indicates a lack of clear market direction.

The bearish scenario begins with a drop below the $0.0000055 level. In such a case, the $0.0000051–$0.0000052 band could come back into play, potentially erasing a significant portion of the gains seen during the September recovery.
‍$SHIB