September 30, 2025 at 06:36PM SHIB/USDT — Burn & Exchange Reserves Hit Record Low

SHIB/USDT — Burn & Exchange Reserves Hit Record Low

SHIBA INU / Tether KUCOIN:SHIBUSDT

John_Isige

Shiba Inu burned 8.8M SHIB last week, while exchange reserves fell to their lowest since 2023. This suggests accumulation, reducing sell pressure. Price is testing support at 0.00001168.

Key Levels
• Resistance: 0.00001269, 0.00001278 (100MA), 0.00001295 (200MA)
• Support: 0.00001168, 0.00001129

Indicators
MACD still negative but shows narrowing gap → seller pressure weakening.

Trading Scenarios
📈 Long above 0.00001269 → 0.00001295 (SL: 0.00001150)
📉 Short below 0.00001168 → 0.00001129 (SL: 0.00001220)

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