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Shiba Inu (SHIB) jumps 6%, nearing key resistance at $0.0000055 amid strong trading demand despite zero token burns.

Technical Signals
19 Sep 2026
Coinpaper
View Source
Bullish
Shiba Inu (SHIB) jumps 6%, nearing key resistance at $0.0000055 amid strong trading demand despite zero token burns.

Shiba Inu (SHIB) surged about 6%, climbing from $0.0000050 to around $0.0000054, outperforming much of the crypto market. The rally faces resistance near $0.0000055–$0.0000056, a level SHIB must clear to target $0.000006. Interestingly, this rise occurs despite SHIB token burns dropping to zero recently, suggesting the move is driven more by trading demand and broader crypto recovery than supply changes. Futures trading volume and open positions indicate strong speculative interest, which could amplify SHIB's next price move in either direction.

Shiba Inu trades at Rp0.0968 on Pluang as of Sep 19, 2026 19:02 WIB, up 1.53% in one day. The market cap stands at Rp57.33 trillion with a 24-hour volume of Rp1.53 trillion. Pluang users show 60% sell and 40% buy activity, holding SHIB for an average of 105 days.

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