Shiba Inu (SHIB) Shocking Facts: Burn Rate soars 102% but price is still pinched!

Jakarta, Pintu News – Entering the second week of April 2026, the dynamics of the digital asset market again gave a surprise to loyal investors of the Shiba Inu meme coin SHIB2.00%. You may have noticed that even though the burn rate shows a very high increase, the price performance in the market tends to experience significant pressure.

Understanding technical movements and on-chain activity is crucial to making investment decisions in this volatile market.

SHIB Price Performance Stuck in Bearish Zone

Current market conditions show that Shiba Inu is trading at Rp0.101 ($0.0000059), which indicates a daily decline of 1.01%. You can see that the coin’s price is trapped below the four Exponential Moving Average (EMA) indicators which are exerting strong selling pressure. The technical structure lined up from the 20-day to the 200-day EMA shows that the bearish trend is still very dominant for buyers in the market.

The main obstacle to SHIB’s upside is the very dense resistance cluster in the area of IDR0.101 to IDR1.37 ($0.0000593 – $0.0000805). You should note that despite attempts to break the upper limit of the channel, the price is often held back by the moving average. The downward channel formed since September 2025 is observed to be fully intact without any credible push towards the centerline.

Also Read: 6 Critical Levels of XRP Price in April 2026: Latest Bullish & Bearish Scenarios!

Burn Rate Soars to 102% but Stops

The Shiba Inu coin burn mechanism recorded a striking percentage increase of 102.97% in the last 24 hours. However, you have to be careful with the activity data because the burn spiked at the beginning of the session to 750,000 SHIB per hour. Unfortunately, after 21:00 UTC, the burn activity dropped sharply and touched zero throughout the night.

If you look at the last 30 days of data, this April shows a consistent downward trend in daily burning activity. The highest burning peak occurred on March 15 with 55 million SHIB, followed by the second peak on April 4 with 33 million SHIB. While the total monthly burning rate is still up by 12.13%, the daily movement in early April is trending lower and lower each day.

Derivative Data Shows Pressure on Long Positions

Trading activity in the derivatives market showed that transaction volume dropped significantly by 20.63% to around IDR2.41 trillion ($141.35M). You can infer that traders tend to close their positions rather than establish new ones as Open Interest (OI) fell by 3.84%. The current OI stands at IDR920.4 billion ($53.86M), a far cry from January’s peak of IDR8.5 trillion ($500M).

The liquidation data gives a clear picture that long position holders are incurring heavy losses. In the last 24 hours, long positions absorbed a loss of Rp1.08 billion ($63.44K), while short positions were barely touched at all. You can see that many buyers who tried to enter at the resistance area were stopped out before the confirmation of the price spike.

SHIB Price Prediction: Upper and Lower Scenario

To see a positive change in trend, SHIB should be able to make a daily close above the 20-day EMA at Rp1.01 ($0.0000593). You can observe that the recovery of the burn rate above 10 million SHIB per day will provide additional support for the buyers’ strength. If this area is successfully breached, the next target for the bulls will be the 50-day EMA and the midline of the channel around IDR0.116 ($0.0000068).

Conversely, if the EMA indicator remains as strong resistance, SHIB prices are at risk of drifting towards the bottom of the channel at IDR0.085 ($0.0000050). You need to be wary as this support level has been tested twice since January, and without strong burning support, this defense becomes weaker. A close below Rp0.089 ($0.0000052) could open the door for a deeper drop towards the Rp0.068 ($0.0000040) level.

Broad Cryptocurrency Market Trends

Shiba Inu’s condition is inseparable from the movement of the global cryptocurrency market, which today is dominated by a mild correction in major assets. Bitcoin is trading at around Rp1.21 billion ($70,954.65), while Ethereum is at Rp37.26 million ($2,180.46). You can also keep an eye on Ripple which is consolidated at IDR22,728 ($1.33) and Solana at IDR1.40 million ($82.30).

Asset diversification strategy in crypto remains a very important thing for you to implement to mitigate the risk of deep losses. Given that meme coins like SHIB have much higher volatility than large coins, you should always use funds that you are prepared to lose. Keep yourself regularly updated with market information so that you can adapt to the rapid changes in global investor sentiment.

Also Read: 5 Phases of BTC Cycle Towards $215,000: Target Bitcoin IDR3.65 Billion?

Follow us on Google News to stay up to date with the latest in crypto and blockchain technology. Check Bitcoin price, usdt to idr and tokenized nvidia stock price through Pintu Market.

As a secure crypto app, Pintu provides a crypto trading experience to access crypto gold investment easily and conveniently. You can also see today ‘ s gold jewelry price and today ‘ s gold bullion price to support your investment activities and portfolio diversification as well as learn crypto through Pintu Academy.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Parshwa Turakhiya/Coin Edition. Shiba Inu Price Prediction: Burn Rate Up 102% But SHIB Cannot Clear A Single EMA. Accessed April 9, 2026.