The descending channel has remained completely untouched since September 2025. The upper boundary is around $0.0000065–$0.0000068, and the lower boundary is about $0.0000050. Since February, the price has been moving along the lower third of this channel, without any real push toward the middle line.

The real issue is the EMA picture. All four moving averages—20-day at $0.0000593, 50-day at $0.0000607, 100-day at $0.0000666, and 200-day at $0.0000805—are above the current price in a clear bearish stack. The SAR at $0.0000620 falls right into this cluster. Even a move to the upper boundary of the channel doesn’t break through the 20-day EMA. Bulls need to overcome four resistance layers to reach the top of the channel, and none of the growths since October have achieved that.

Key levels as of April 10:

Upper boundary of the channel: $0.0000065–$0.0000068
20-day EMA: $0.0000593
SAR: $0.0000620
50-day EMA: $0.0000607
100-day EMA: $0.0000666
200-day EMA: $0.0000805
Channel floor: $0.0000050
Early burns intensified but then disappeared for the rest of the day.
The 24-hour counter shows a growth of 102.97%, but activity charts indicate that burns peaked at around 750,000 $SHIB per hour at the start of the session, sharply declined throughout the day, and reached zero by 21:00 UTC. Nothing followed overnight.

A 30-day forecast allows for a perspective on April. The biggest single-day spike in the cycle occurred on March 15—about $55 million in . The second peak around $33 million was reached on April 4. Since then, the burn amounts have been steadily decreasing: April 8 and 9 recorded almost the lowest daily figures in the entire 30-day period. The 30-day rate still increased by 12.13%, but the trend in April is downward every day.