- Shiba Inu burn spiked 213%, removing over 3 million tokens in 24 hours.
- SHIB consolidates near $0.00001258 with RSI neutral and MACD flattening.
- Analysts see breakout potential, with upside targets as high as $0.0020.
Shiba Inu has grabbed center stage after a massive spike in burn activity. More than 213% growth in one day has reignited excitement across the community. Over 3 million tokens vanished from supply within 24 hours. Since launch, more than 410 trillion tokens have already been destroyed forever. Traders now wonder if this firestorm of burns will spark a dramatic price rally. Analysts suggest that momentum may finally be shifting in favor of the meme coin.
Shiba Inu Burn Frenzy Reignites Optimism
Data from Shibburn confirms that token destruction has surged to levels unseen in months. The reduction in supply feels like a slow but steady squeeze, tightening pressure on price. By burning tokens, scarcity increases, and demand often finds stronger footing. This renewed acceleration has lifted confidence among holders who endured months of sideways action. Analyst Kamran Ashgar believes the stage may be set for an expansion unlike anything seen before.
The weekly chart paints a clear picture of mounting pressure. Price hovers around $0.00001258, stuck beneath stiff resistance. The structure resembles a descending triangle, coiling like a spring before release. The Relative Strength Index currently sits at 45.48, a level that shows neutrality. This reading leaves space for a strong rally without flashing overbought conditions.
Meanwhile, the MACD lines appear to flatten, hinting that bearish momentum may be weakening. A bullish crossover could ignite if buying pressure escalates. The market seems to wait on a spark, and burns may provide that trigger. Upside projections vary but create an enticing roadmap. Potential short-term targets include $0.000050 and $0.00015. Further out, optimistic estimates climb to $0.00050.
Is a Breakout Near?
The current surge in burning stands as one of the most bullish signals in months. Every token destroyed narrows supply, tilting the balance toward price growth. Think of the process as a silent bonfire, erasing excess and clearing room for expansion. If this pace sustains, demand could ignite a powerful rally.
Shiba Inu may be preparing to roar after long slumber, ready to surprise skeptics. The consolidation phase has tested patience, but history shows explosive rallies often follow calm waters. The meme coin narrative continues to evolve beyond speculation. Supply control now plays a crucial role in shaping trajectory. With millions burned daily, expectations grow that scarcity will eventually meet rising demand.
Sentiment in the broader market also matters, yet the groundwork appears set. Shiba Inu now walks a narrow line between hesitation and eruption. The numbers, the burns, and the charts all whisper the same story. Pressure builds, anticipation grows, and the community watches closely.
