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- Shiba Inu approaches a critical breakout point with bullish chart patterns, rising whale activity, and intensified token burns.
- SHIB’s burn rate and whale transfers signal tightening supply, while analysts eye major resistance near $0.000014 for a breakout.
Shiba Inu, once dismissed as another meme token, is now at the center of serious speculation on the markets. Despite falling recently, the token is showing strong signs of strength. Its value is now at $0.00001291, a level just above a pivotal $0.000012500, and bulls are optimistic.
Development of a falling wedge on a 1-day chart, a pattern that typically suggests a bullish reversal. Since December 2024, SHIB has been on this downtrend, with progressively lower highs and lows. Now, though, it’s knocking on a breakout point at approximately $0.0000129.
A breakout above this line can spark an 80% rally, with prices aiming for a push higher towards $0.000023. If that occurs, investors can expect a powerful trend fueled by technical signals as well as firm community momentum.
Whales, Burns, and the Battle for $0.000014
In the past few days, a new wave of whale activity has fueled the fire. Wealthy investors have transferred 7.49 trillion SHIB tokens through large transactions—the biggest volume ever recorded over a two-month period. Such renewed whale interest has caught the attention of analysts on all sides.
Meanwhile, SHIB’s burn rate has jumped by a staggering 774273.92%% in just 24 hours, according to Shibburn. Over $18.7 million worth of tokens have been permanently removed from circulation. That brings the total number of SHIB burned to 410.7 trillion, cutting the total supply down to about 589 trillion. In the short term, that tightening of supply could trigger further price appreciation.
The community isn’t stopping there. A recent surge in the burn rate of over 62,000% resulted in over 500 million SHIBs getting burned. As long as the burning mechanism is active, it may put constant upward pressure on the value of the token.
Resistance Levels and the 17x Dream
Analyst CryptoELITES has been especially bullish. According to him, SHIB could eventually witness a 17x rally. While that kind of move is still a long shot, current levels suggest a steady buildup. SHIB is holding between $0.0000125 and $0.00001365 but faces a major resistance wall at $0.000014. Around 236 billion tokens have been parked there, and bulls need to break through.
If they do, another roadblock lies between $0.000014 and $0.000019, where an enormous 548 trillion SHIB tokens sit. These zones could define the next leg of SHIB’s journey. Failure to break out, however, could send the token back down toward $0.0000115.
One of the long-term drivers of SHIB is the launch of Shibarium. It’s a Layer 2 solution that will reduce gas fees and accelerate transactions. With greater scalability and utility on the SHIB network—especially for gaming and decentralised finance—Shibarium can bring on new users and applications.
