SHIB trades at $0.00000596 with neutral RSI at 51.14. Technical analysis points to consolidation phase with potential for modest gains targeting previous resistance levels by month-end.
Shiba Inu burns just 906.4 SHIB on March 31 as the daily burn rate collapses 100%. Half the supply is gone.
Dogecoin (CRYPTO: DOGE) is trapped in a tightening wedge between $0.088-$0.095, while Shiba Inu's (CRYPTO: SHIB) burn rate surged 945% in 24 hours with over 3.1 million tokens permanently removed. Dogecoin's Wedge Compression Dogecoin is forming a converging wedge at multi-month lows, with upper and lower trendlines squeezing price into a tight range.
A recent update shared by the Shiba Inu burn tracker portal has revealed that the daily SHIB burn rate has collapsed by roughly 100% from this month's peaks and reached one of the lowest levels in March on its last day.