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SHIB SHIB Market Update
The latest market data shows that as of September 30, the price of the SHIB token is approximately US$0.0000576. The day before, the price of the token once climbed to a high of $0.0000591. Although SHIB has recovered significantly from its low below $0.000005 earlier this month, it has not yet been able to break through the key $0.00006 resistance level.
The current situation is relatively clear: buying forces have regained momentum, but the next trend will depend on whether SHIB can successfully recover the key resistance area of US$0.00006.
US$0.000006 remains the main obstacle
The starting point for bullish logic lies in the range of US$0.00006 to US$0.000061. In the past week, SHIB has tested the area many times, but failed to effectively establish itself. The analysis pointed out that if the price can break through this range, it will open up space for US$0.000067, and then it may look further towards US$0.000072. However, currently, SHIB is still subject to below this threshold.
Destruction rate is no longer the core narrative
SHIB's token destruction rate has plummeted more than 91% recently, and its price has remained relatively stable despite weaker expectations of supply reduction. The latest analysis shows that daily destruction volumes also dropped sharply as SHIB retreated from resistance levels. This reinforces a broader trend: while destruction rate news is eye-catching, short-term price movements are still more dependent on liquidity, overall meme-coin demand, and technical factors.
Can SHIB continue to rebound?
Bullish scenario: Require SHIB to remain above approximately US$0.000055 to US$0.000056 and regain US$0.000061. If this goal is achieved, the next realistic goal will be US$0.000067; if overall crypto market sentiment improves, it is expected to hit US$0.000072.
Neutral scenario: SHIB will fluctuate between US$0.000055 and US$0.000061.
Bear scenario: If the US$0.000055 support falls, the market will weaken. By then,$0.000051 to $0.000052 will become a new focus and could erase most of the September gains.
