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

• One wallet burned 25.04M SHIB in a single transaction, pushing the 24h burn rate up 1034% and the 7-day rate up 132%
• Open interest dropped 14.81% to $56.58M as longs absorbed $93.84K in liquidations against just $16.11K for shorts at resistance
• CMF sits at -0.15 with price stalling at the 0.5 Fib at $0.0000648, the same zone that rejected every breakout attempt since April

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

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

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.