SHIB Burn Rate Surges 1034% While Price Struggles at Resistance Zone

• SHIB faces repeated rejection at $0.0000648 resistance despite a burn rate surge.

• Single-wallet burn spike lacks strength, limiting long-term supply reduction impact.

• Weak inflows and rising long liquidations suggest bearish pressure at resistance.

Shiba Inu grabbed attention again as traders watched price action stall near a familiar resistance level. SHIB moved around $0.00000625 on May 15 while pressure built at a key ceiling that has rejected multiple rallies since April. A sudden burn spike added excitement across social feeds, yet market structure tells a more cautious story. Price remains trapped inside a rising channel, while derivatives data signals weakening conviction and rising liquidation pressure on long positions.

🔹 SHIB burn rate surges 1034%, but the price continues struggling near the $0.0000648 resistance level.

🔹 Traders are watching whether stronger token burns can eventually translate into bullish price momentum.

🔗 Read more: https://t.co/xowhMD81ID

— Coin Edition: Your Crypto News Edge ️ (@CoinEdition) May 15, 2026

SHIB Keeps Getting Rejected at Key Resistance

SHIB continues trading inside a rising channel that formed after February lows near $0.0000052. The upper boundary around the 0.5 Fibonacci level near $0.0000648 has acted like a hard ceiling. Every push into that zone since April ended with rejection. Market participants keep watching this level for confirmation of direction. Immediate support sits near $0.0000622 at the 0.382 Fibonacci zone.

Below that, channel structure opens toward $0.0000550. Price action remains squeezed between these levels, creating a tight trading environment. If SHIB manages a clean daily close above $0.0000648, momentum could shift quickly. Higher zones between $0.0000700 and $0.0000785 remain untested targets. A mid-level Fibonacci marker near $0.0000681 also sits in that path.

Still, none of those zones activate unless resistance breaks with strong volume. Money flow indicators continue to raise concern. CMF reads around -0.15, staying negative through most of 2026. That suggests capital continues exiting rather than entering. Even with repeated tests of resistance, inflows remain weak. That imbalance makes sustained breakout attempts harder to achieve.

Burn Spike and Derivatives Signal Mixed Market Pressure

SHIB burn activity jumped sharply, showing a 1034% increase within 24 hours. A single wallet removed over 25 million tokens in one transaction. That burn alone represented nearly the entire daily figure. Smaller community wallets added only a fraction of the total supply reduction. Weekly burn metrics improved, rising 132% after a previous decline. However, concentration risk remains high.

Large one-off burns create attention but fail to confirm consistent supply reduction. Long-term price support usually depends on steady community participation, not isolated events. Derivatives data paints a more defensive picture. Open interest dropped nearly 15% to $56.58 million. Trading volume also declined, signaling reduced market engagement. That combination often reflects traders pulling back exposure after failed breakout attempts.

Liquidation trends reinforce that view. Long positions absorbed nearly $94K in losses, compared to only $16K for shorts. That imbalance shows traders continue betting on upside at resistance, while the market repeatedly punishes those positions. Exchange data shows mixed sentiment. One platform leans heavily long, while another remains nearly neutral. That split highlights uncertainty across traders.