Shiba Inu Price Prediction: SHIB’s First Bullish Signal Since February Arrives With Burns Fading Fast

• SHIB trades at $0.0000593, up 0.34%, pressing the middle Bollinger Band at $0.0000598 with the MACD turning positive for the first time since February.
• The 24h burn rate dropped 32.21%, peaking near 780,000 SHIB per hour at 12:00 before fading to near zero overnight.
• The 7-day chart peaked at 26M SHIB on April 17 with April 18 through 20 printing near the lowest readings of the week.

SHIB trades at $0.0000593 on April 20, up 0.34%, pressing the middle Bollinger Band at $0.0000598 while the MACD prints its first bullish cross on the daily since February and burns drop 32% in 24 hours after spiking to 26M SHIB on April 17.

SHIB Daily Chart: MACD Turns Positive As Price Tests The Middle Bollinger Band

The descending channel from the April 2025 peak has been the dominant structure throughout. Price has been recovering since the February low near $0.0000470, now pressing into the middle Bollinger Band at $0.0000598. The upper band at $0.0000625 and the descending trendline from the 2025 peak converge near $0.0000620 to $0.0000640, forming a resistance cluster just above current price.

The MACD fast line has crossed above the signal line with the histogram turning positive at $0.0000002, the first bullish cross on the daily since February. That February cross preceded a short-term bounce toward $0.0000700. Price clearing the middle band at $0.0000598 on a daily close puts the upper band at $0.0000625 in play, then the descending trendline near $0.0000630 to $0.0000640. Losing the lower band at $0.0000572 on a daily close puts the February low near $0.0000470 back in view.

Key levels for April 21

• Lower Bollinger Band: $0.0000572
• Middle Bollinger Band: $0.0000598
• Upper Bollinger Band: $0.0000625
• Descending trendline: $0.0000630 to $0.0000640
• February low: $0.0000470

Burns Peaked At 26M On April 17 Then Collapsed. What The 7-Day Chart Shows.

The 24-hour chart peaked near 780,000 SHIB per hour around 12:00 before dropping steadily through the afternoon and fading to near zero by the overnight session. The 32.21% decline in 24h burn rate reflects a single-session burst with no follow-through.

The 7-day view tells the full story. Burns hit 19M SHIB on April 14, dropped to near zero on April 15, recovered to around 8M on April 16, then spiked to 26M on April 17, the week’s peak. April 18 collapsed to near zero again and April 19 through 20 have stayed flat. The 7-day rate is up 1.26% overall, but the pattern is spikes followed by flatlines, not sustained burn activity. Without consistent burns above 10M SHIB per day, the supply reduction narrative has limited price impact.

SHIB Derivatives: Longs Dominating Pain As OI Falls To Multi-Month Lows

Volume fell 13.62% to $126.95M while OI dropped 6.30% to $56.57M. Both declining means positions are closing. Long/short ratio at 0.9948 is flat, with OKX accounts heavily long at 2.63.

Longs absorbed $273.79K in 24-hour liquidations against $28.43K for shorts, taking nearly ten times more pain. Buyers keep getting stopped out at the middle and upper Bollinger Band resistance. OI at $56.27M on the chart is near its lowest level since before the January rally, confirming the market has deleveraged almost entirely from the cycle peak above $500M.

SHIB Price Prediction: April 21 Outlook

• Upside: MACD holds positive and SHIB closes above the middle Bollinger Band at $0.0000598, putting the upper band at $0.0000625 in play. Burns recovering above 10M SHIB per day sustains the supply narrative. Clearing $0.0000625 targets the descending trendline at $0.0000630 to $0.0000640.
• Downside: Middle band at $0.0000598 holds as resistance, MACD cross fades, and SHIB slips toward the lower band at $0.0000572. Burns staying at near-zero levels through April 21 removes the supply case entirely. A daily close below $0.0000572 opens the February low near $0.0000470.