Shiba Inu (SHIB) faces mixed signals as Coinbase leads a significant supply reduction by burning 143.96 million SHIB in 30 days, with a 154% increase in daily burns recently. Technically, SHIB is in a rising wedge pattern that could signal a sharp price drop to around $0.0000027 if support breaks. Meanwhile, a potential golden cross on the daily chart hints at longer-term bullish momentum. The next key factor is whether SHIB can maintain its support line amid ongoing supply cuts, balancing bearish technical risks with constructive burn activity.
Shiba Inu's recent supply cut and burn activity provide context for cryptocurrency market trends. For readers following crypto markets, here is Pluang's market snapshot as of Oct 01, 2026 01:11 WIB: Among 50 major cryptocurrencies priced on Pluang, 33 rose and 15 fell today. Notable movers include CRV at Rp6.930 (+3.06%) with 31% Sell / 69% Buy order activity, NEO at Rp46.016 (+2.82%), and THETA at Rp4.109 (+2.62%) with 45% Sell / 55% Buy order activity.
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