After a period of relative stagnation throughout much of 2025, Shiba Inu (SHIB) has recently demonstrated renewed strength with a notable price increase. This upward movement is largely attributed to improved market sentiment following major geopolitical trade developments. The memecoin has returned to the spotlight, capturing the attention of traders and analysts alike.
As of recent trading sessions, SHIB is trading around $0.00001652, reflecting a 2.5% gain over the past 24 hours. Its 24-hour trading volume has surged to $530 million, pushing its market capitalization close to the $10 billion mark. This positions SHIB as the 17th largest cryptocurrency by market cap, indicating a significant surge in trader interest and market activity. Over the past month, the token has gained approximately 27%, signaling a potential shift in momentum.
Dramatic Increase in SHIB Burn Rate
On May 11th, the Shiba Inu network experienced an extraordinary surge in its token burn rate, with figures indicating an increase of over 234,000%. Approximately 19 million SHIB tokens were permanently removed from circulation in this single event, creating significant upward pressure on the remaining supply.
This aggressive deflationary mechanism is designed to reduce the overall token supply over time, potentially increasing the scarcity and value of remaining tokens. Data from derivatives tracking platforms also shows that Open Interest for SHIB has surged to $263 million, indicating growing trader engagement and positioning in the market.
Technical Indicators Signal Bullish Momentum
Technical analysis reveals several encouraging signals for Shiba Inu's price trajectory. Key oscillators including the Relative Strength Index (RSI) and Stochastic are currently in neutral territory, while momentum indicators like the MACD are generating buy signals. Perhaps most significantly, all major moving averages are indicating bullish trends for the memecoin, providing strong technical support for continued upward movement.
Analyst Javon Marks recently highlighted that Shiba Inu has recovered nearly 30% in recent days and suggests this might only be the beginning of a much larger move. He identifies a potential 105% rally from current levels with a breakout target of $0.000081. According to his analysis, this would represent a quadrupling of SHIB's price from its recent levels.
Shiba Inu has been showing some notable strength, recovering nearly +30% in the past few days but this could be only a beginning! With a divergence hinting at an at-least 105% additional recovery and a breakout target that stands at $0.000081, Shiba can quadruple in price.
This optimistic sentiment is echoed by other market observers who believe the altcoin season has begun, with Shiba Inu positioned as one of the potentially strongest performers among alternative cryptocurrencies this cycle.
Market Context and Future Potential
The recent price action of Shiba Inu occurs within a broader context of cryptocurrency market recovery. While Bitcoin and Ethereum often lead market movements, memecoins like SHIB frequently demonstrate amplified responses to shifts in market sentiment due to their volatility and retail trader focus.
The combination of technical factors, token burn mechanics, and improving market conditions creates a compelling case for continued attention on SHIB's price development. Traders and investors are closely monitoring whether the token can maintain its momentum and approach the ambitious price targets set by analysts.
For those interested in tracking these developments in real-time, various 👉 advanced market analysis tools are available to help monitor price movements and market signals.
Frequently Asked Questions
What is causing Shiba Inu's price increase today?
SHIB's price rise is driven by multiple factors including a dramatic increase in token burn rate, bullish technical indicators, and overall positive market sentiment following major economic developments.
How many SHIB tokens were recently burned?
Approximately 19 million SHIB tokens were burned on May 11th, resulting in a burn rate increase of over 234,000% compared to previous periods.
What is Shiba Inu's price prediction for 2025?
Based on current technical analysis and market conditions, some forecasts suggest SHIB could reach approximately $0.00006392 by 2025. Longer-term projections indicate potential growth to $0.000321 by 2030 if current momentum continues.
Can Shiba Inu reach $1?
While Shiba Inu may experience bullish periods in the coming years, reaching a price of $1 would require unprecedented market capitalization levels that currently appear unrealistic given the token's circulating supply.
How does token burning affect SHIB's price?
Token burning reduces the overall supply of SHIB, creating scarcity that can potentially increase the value of remaining tokens if demand remains constant or grows.
What technical indicators are important for SHIB analysis?
Traders typically monitor RSI, MACD, moving averages, and trading volume to assess SHIB's momentum and potential price directions. Current indicators suggest bullish sentiment among market participants.