- Shiba Inu trades at $0.00000535, down within multi-month descending channel as price tests new lows.
- Burn rate collapses 51.14% to 2.72 million SHIB in 24 hours, with 410.75 trillion tokens burned from initial supply.
- New ShibClaw AI skill launches for Shibarium ecosystem, enabling AI agents to interact with blockchain infrastructure.
Shiba Inu price today trades near $0.00000535, up 1.33% after testing multi-month lows within a descending channel (pink shaded area) that has guided price lower since May 2025. The move places sellers in control despite new ecosystem developments around AI integration.
Daily Chart Shows Multi-Month Descending Channel
Shiba Inu Daily Price Action (Source: TradingView)The daily chart shows Shiba Inu trapped in a descending channel since May 2025 highs near $0.00001800. Price is trading near the lower boundary of the channel, testing support at $0.00000500 to $0.00000535.
The Supertrend at $0.00000627 sits above current price, confirming bearish momentum on the daily timeframe. All four major EMAs remain above price, with the 20-day at $0.00000576, 50-day at $0.00000640, 100-day at $0.00000729, and 200-day at $0.00000882 forming a descending resistance ladder.
Key levels:
- Critical support: $0.00000500 to $0.00000535
- Channel lower boundary: $0.00000500
- First resistance: $0.00000576 (20-day EMA)
- Supertrend resistance: $0.00000627
A break below the channel support at $0.00000500 would expose new multi-year lows and potentially $0.00000450 to $0.00000400.
Burn Rate Collapses 51.14% Despite Ongoing Burns
Shiba Inu Supply Data (Source: Shibburn)The burn rate dropped 51.14% over the last 24 hours to 2.72 million SHIB, marking a significant slowdown in token removal from circulation. Total burnt from initial supply stands at 410.75 trillion SHIB out of a max total supply of 999.98 trillion tokens.
Current circulating supply sits at 585.47 trillion SHIB, with 3.77 trillion tokens staked (xSHIB). Recent burn transactions show scattered activity, with the largest recent burn sending 1.76 million SHIB to the burn address 10 hours ago. The lack of significant burn activity removes a key narrative that historically supported SHIB rallies.
ShibClaw AI Skill Launches For Shibarium Ecosystem
Woofswap announced the launch of a new ShibClaw skill for the Shiba Inu ecosystem on March 7. ShibClaw represents an extensive set of OpenClaw skills for Shibarium and related projects, marking a move toward AI agents that can perform tasks autonomously.
The ShibClaw skill provides AI agents with knowledge and personality modeled after Shiba Inu team member Lucie. It includes core network interaction tools for Shibarium’s mainnet and Puppynet, including blockchain data queries, balance checks, and RPC endpoint interactions.
For users building on Shibarium, the AI integration could support practical workflows as AI agents automate technical tasks. The initiative is community-driven and attempts to enable AI agents to operate directly on the Shibarium blockchain.
A warning was issued in the GitHub repository urging holders to always verify contract addresses and official links on shib.io before transactions. Users should never share seed phrases, private keys, or wallet passwords, as official teams will never request this information.
Shibizens provided an RPC update clarification in response to inquiries about changes to the Shibarium RPC, explaining the transition from old endpoints to new official RPC infrastructure.
Outlook: Will Shiba Inu Go Up?
The next move depends on whether Shiba Inu can hold the descending channel support at $0.00000500 to $0.00000535.
- Bullish case: Shiba Inu holds $0.00000500 and bounces back toward the 20-day EMA at $0.00000576. That would require burn rate acceleration and sustained buying pressure to reclaim the channel midpoint.
- Bearish case: A breakdown below the channel support at $0.00000500 exposes new multi-year lows at $0.00000450 to $0.00000400. This would mark a continuation of the downtrend that began in May 2025.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/shiba-inu-price-prediction-burn-rate-drops-51-despite-ai-launch/
