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1 billion Shiba Inu tokens burned amid rising exchange inflows, pressuring SHIB price below key levels.

Technical Signals
28 Sep 2026
UToday
View Source
Bearish
1 billion Shiba Inu tokens burned amid rising exchange inflows, pressuring SHIB price below key levels.

Shiba Inu (SHIB) saw 1 billion tokens burned in 24 hours, but rising inflows to exchanges suggest increased selling pressure. Despite some outflows, the net flow remains negative, indicating more tokens are being deposited than withdrawn. SHIB's price recently dropped below the crucial 200-day moving average and faces resistance around $0.0000060-$0.0000062, signaling challenges for a sustained bull market recovery. Investors should watch if SHIB holds above $0.0000056 to avoid further declines toward long-term resistance levels.

Shiba Inu (SHIB) has a market cap of Rp60,15 trillion and a 24-hour trading volume of Rp1,56 trillion on Pluang as of Sep 28, 2026 19:24 WIB. Despite the recent token burn and selling pressure noted in the news, SHIB's price on Pluang is currently Rp0,104, down 3.21% in the last day, with 39% of orders as sell and 61% as buy. The typical hold time for SHIB investors on Pluang is 105 days, indicating a moderate-term investment horizon among users.

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