Shiba Inu coin price has been relatively stable after the recent crypto market has been volatile. Analysts notice indicators for the beginning of a bullish market trend. The token is testing a major horizontal support after declining in parallel with a 5,000% rise in the Shiba burn rate. Notably, the bullish trend suggests that the price might bounce back to $0.00047 should buying pressure be exerted in the market.
Shiba Inu Coin Price Holds as Market Conditions Shift
On-chain data indicate that the Shiba Inu price is maintaining its position close to an important support zone. The cryptocurrency has failed in the recent sessions to push higher and thus make a breakout. However, the technical indicators signal bulls are getting more and more active.
According to the crypto analyst, the expected prices are $0.000085171, $0.000183312, and $0.000472905. The market trend analysis seen here shows that as the market dominance of Bitcoin declines, other assets such as Shiba Inu coin price may increase. When buyers join the market, SHIB could shift towards these predicted price levels.
Shiba Inu Burn Rate Spikes Over 5,400% in 24 Hours
The burning has also increased, and over the past 24 hours, the burn rate has risen by 5,440%. On-chain data into Shiba Inu shows that 26,355,678 SHIB tokens have been transferred in dead pockets, shrinking the circulation supply.
A rise in the burn rate indicates growing network activity, which could impact Shiba Inu coin price. The process permanently removes tokens from circulation, potentially increasing scarcity. As this trend persists, investors will watch whether low supply leads to a higher price rise in the future.
Technical Analysis of Shiba Inu Price Shows Key Levels
At the time of writing, the price of SHIB was 0.00001310, up to 0.08% in the last 24 hours. SHIB seems to be in a consolidation phase in which the range of high and low levels play a major role.
Source: CoinMarketCap Shiba Inu Chart
The Shiba Inu coin price prediction shows best support at $0.00001 to hinder any further downside movement. The support is strong at $0.00001405 with further levels at $0.000016 and $0.000018.
However, if the Shiba Inu price manages to climb above the $0.000015 level, there are even higher targets for the meme coin. But if the price gets rejected in this range, it is likely to fall back to $0.000012 level.
Indicators Show Mixed Signals for Shiba Inu Coin Price Prediction 2025
On the one hand, technical indicators are also bearish when it comes to the Shiba Inu price prediction. Looking at the technical indicators, the Moving Average Convergence Divergence (MACD) might be indicating a bullish crossover signal. The MACD line is below the signal line suggesting that there may be an upward movement.
The Relative Strength Index, RSI is 42, indicating slightly higher than the oversold level towards buying. Thus, if RSI goes above 50 levels, there is a possibility to see higher buying pressure confirmed. These remain among the most closely-watched indicators in relation to Shiba Inu coin price prediction 2025 and its short-term prospects.
Ekaterina Sokolova is known for her dynamic coverage of cryptocurrency markets and blockchain advancements. Her articles, featured in several prominent digital outlets, combine thorough research with a clear presentation style that demystifies complex technological trends for her readers.