Shiba Inu Price Prediction: SHIB Burn Rate Explodes 1034% But Price Still Fails At $0.0000648

Shiba Inu trades at $0.00000625 on May 15, pressing the same resistance band that has turned price away three times since April, as a single wallet burns 25 million tokens overnight and pushes the 24-hour burn rate up 1034% while derivatives data shows longs getting squeezed at the ceiling.

Is $SHIB Ready to Break $0.0000648? What the Daily Chart Shows

Shiba Inu Daily Price Action (Source: TradingView)

$SHIB price has been grinding inside a rising channel since the February lows near $0.0000052, and the 0.5 Fib at $0.0000648 is where that grind keeps running into a wall. The pink resistance band around that level has rejected every meaningful push through April and into May. Below price, the 0.382 Fib near $0.0000622 is the first support, followed by the channel base around $0.0000550.

Above the 0.5 Fib, two FVG zones stack between $0.0000700 and $0.0000785, with the 0.618 Fib at $0.0000681 sitting in between. Those levels become relevant only after a clean daily close above $0.0000648, which has not happened yet.

The CMF at -0.15 is the problem. It has been negative for most of 2026 and is not recovering despite price holding near resistance. Money is still flowing out of $SHIB, not into it, and that makes a breakout difficult to sustain. Until CMF crosses back above zero, every push into the 0.5 Fib is fighting the same headwind.

$SHIB Key levels for May 16:

Resistance: $0.0000648 (0.5 Fib), $0.0000681 (0.618 Fib), $0.0000700 to $0.0000785 FVG cluster

Support: $0.0000622 (0.382 Fib), $0.0000550 channel base

CMF: -0.15, negative throughout 2026

Burn Rate Up 1034%: One Wallet Did Almost All of It

The 24-hour burn rate jumped 1034% with 25.04 million tokens destroyed in a single transaction two hours ago. The 7-day burn rate is also up 132%, reversing the 62% weekly collapse from the prior week. On the surface, those numbers look significant.

The reality is that one wallet drove nearly all of it. The 25,049,075 $SHIB transaction worth $148.99 accounts for almost the entire daily figure. Community burns from shib.shi4gud.eth and one other wallet added 300,158 and 155,164 tokens respectively, a fraction of the total. Single-wallet burns create headlines but do not reflect sustained community-driven supply reduction. That distinction matters because the long-term bull case for $SHIB depends on consistent burn pressure, not periodic spikes from individual wallets.

$SHIB Derivatives Data: Why Falling OI and Long Liquidations Matter Here

$SHIB Derivatives Data (Source: Coinglass)

Open interest dropped 14.81% to $56.58M while volume fell 5.86% to $139.88M. Both declining together after last week’s volume surge means the market is pulling back risk rather than building new positions. OKX accounts show a long ratio of 2.71 while Binance retail sits near neutral at 0.9771, less directional conviction than the heavily long-skewed setup seen last week.

Over 24 hours, $93.84K in longs were liquidated against $16.11K in shorts. Longs are taking nearly six times more pain than shorts at the resistance level. That is the same dynamic that appeared before last week’s rejection from $0.0000668 and it has not changed.

Shiba Inu Price Prediction: Upside and Downside for May 16

Upside: Daily close above $0.0000648 with CMF turning positive opens $0.0000681 then the FVG cluster above $0.0000700. Sustained community burn activity beyond single-wallet events and a broader altseason rotation would give the move enough fuel to reach $0.0000785.

Downside: Another rejection at the 0.5 Fib with OI continuing to drop puts $0.0000622 back in play. CMF staying negative through a third resistance test and longs absorbing more liquidation pressure increases the probability of a channel retest near $0.0000550.