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SHIB Price Prediction for March 16

Munene Timothy by Munene Timothy
March 15, 2025
in Binance Feed, Market
Reading Time: 5 mins read
SHIB Price Prediction for March 16
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  • SHIB faces resistance at $0.00001300, with a breakout targeting $0.00001350 – $0.00001400; failure may push it to $0.00001200.
  • 60% of SHIB holders are at a loss, but 76% have held for over a year, showing a strong long-term holding trend.
  • SHIB burn rate dropped 99.45% in 24H, but a 7-day surge of 416.23% removed 536.61M tokens, indicating sporadic burns.

Shiba Inu (SHIB) has bearish challenges despite a slight uptick in the last 24 hours. On March 15th, at press time, SHIB was trading at $0.00001276, a 1.73% increase. However, the price is down by 0.47% over the past week. 

Trading volume is at $162.87 million, while market cap has reached $7.52 billion. Market data from Shibburn shows the total supply is at 589.25 trillion SHIB, with hourly updates indicating a 1.05% rise in market cap. Despite these minor gains, SHIB’s price action suggests continued weakness.

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Market Activity and Holders’ Trends

According to IntoTheBlock, SHIB’s blockchain activity shows 37% of holders are in profit, while 60% remain at a loss. 

Source: IntoTheBlock

The token’s price correlation with Bitcoin is at 0.87, suggesting it often follows BTC’s movement. Data further shows that 76% of SHIB holders have held the asset for over a year, while 22% have held it between one and 12 months. 

Only 2% of holders have owned SHIB for less than a month, indicating a dominant long-term holding trend. Additionally, transactions exceeding $100,000 reached $183.13 million over the past seven days, indicating moderate whale activity.

HOURLY SHIB UPDATE$SHIB Price: $0.00001279 (1hr -0.21% ▼ | 24hr 1.50% ▲ )
Market Cap: $7,536,633,919 (1.05% ▲)
Total Supply: 589,254,669,773,073

TOKENS BURNT
Past 24Hrs: 2,798,664 (-99.45% ▼)
Past 7 Days: 536,615,109 (416.23% ▲)

— Shibburn (@shibburn) March 15, 2025

Shibburn data shows the token burn activity, with 2.79 million SHIB burned in the last 24 hours, a 99.45% drop. Over the past seven days, however, burn rates have increased by 416.23%, with 536.61 million SHIB removed from circulation. This suggests sporadic but impactful supply reductions.

Technical Indicators and Resistance Levels

SHIB is trading in a slight uptrend but faces strong resistance at $0.00001300. A breakout above $0.00001320 could drive bullish momentum toward $0.00001350 – $0.00001400. However, failure to surpass resistance may push prices toward $0.00001250 – $0.00001200. 

Source: TradingView

Support is at $0.00001200, which previously acted as a demand zone. The MACD line is above the signal line, suggesting a bullish crossover. Green histogram bars indicate positive momentum, though they appear to be weakening. 

If the MACD sustains above the zero line, SHIB may continue its recovery. Meanwhile, the On-Balance Volume (OBV) indicator is at 68.25 trillion, showing a neutral-to-slightly bullish trend. A rising OBV could indicate accumulation and potential upside.

Inflow/Outflow Trends and Future Movements

SHIB’s net inflow and outflow show varying market sentiment. Historically, large outflows occurred in early June and late November, dropping below -$50 million. 

Source: Coinglass

These sell-offs led to price declines. However, high inflows in December and January indicated accumulation periods. Coinglass data shows a balance between inflows and outflows, suggesting reduced volatility. 

If inflows dominate, SHIB may see an upward trend, pushing toward resistance levels. On the other side, increased outflows could push prices toward support. It remains to be seen whether SHIB maintains its uptrend or faces further declines.

SHIB March 16 Potential Scenarios

If SHIB sustains buying momentum and breaks resistance, it could reach $0.00001350 – $0.00001400. However, failure to break resistance may lead to a pullback toward $0.00001250 – $0.00001200. Increased sell pressure could push the price even lower. The market’s direction is uncertain, dependent on investor sentiment and trading volume.

Tags: Price AnalysisShiba Inu (SHIB) News

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