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Shiba Inu (SHIB), the Ethereum-based meme coin, is showing signs of a potential reversal as key technical indicators suggest a bullish divergence that could lead to a 570% price surge. Analysts have highlighted a regular bull divergence on the MACD histogram, signaling a possible major reversal. This development comes amid a significant increase in SHIB's burn rate, which rose by 157,726% in the previous week, further reinforcing optimism among market observers.
According to analyst Javon Marks,
could initially climb over 163% toward the $0.00003 level, with the potential for an extended rally reaching $0.000081 if momentum continues. Jonathan Carter, another analyst, noted a breakout from a descending channel and suggested that a move above the 50-day moving average could trigger a strong upward trend. Price targets identified include $0.000014, $0.0000175, $0.0000205, and $0.000025. Additionally, SHIB's exchange supply has dropped, which could further support the price rally.Derivatives traders are also showing increased interest, with SHIB futures trading volume surging by 56% to over $200 million. This indicates a growing appetite for bullish bets on the token. The
team, through its marketing lead Lucie, has outlined plans for an expansion into Asian markets, including Korea, Japan, and China. This strategic move aims to capitalize on the growing community engagement in these regions and deepen the project's global footprint.Lucie emphasized that the team is not focusing on short-term price movements but is instead prioritizing the development of the Shibarium ecosystem to drive long-term adoption. While some community members view token burns as a catalyst for price growth, the team believes that sustainable value is derived from real-world utility and project development. The expansion plans are seen as a crucial step in positioning SHIB for future growth and broader acceptance.
The current price of SHIB is around $0.000012, with a market capitalization of over $6.7 billion. Despite a recent 3.82% decline in the past 24 hours, the token has shown resilience. The broader cryptocurrency market, influenced by macroeconomic factors and regulatory developments, could play a significant role in SHIB's trajectory. As the project moves toward autumn 2025, market participants remain hopeful for a bullish season, with historical patterns suggesting potential for sharp upward movements.
Source: [1] What is
Inu (SHIB) Coin and is it a Good Investment? (https://www.tokenmetrics.com/blog/what-is-shiba-inu-coin?74e29fd5_page=3) [2] SHIBA INU Price, SHIB Price, Live Charts, and Marketcap (https://www..com/en-in/price/shiba-inu) [3] Shiba Inu Team Hints at Asia Expansion, Says Price May ... (https://thecryptobasic.com/2025/09/01/shiba-inu-team-hints-at-asia-expansion-says-price-may-be-down-but-global-building-continues/) [4] Shiba Inu Token Takes Aim at Asian Shores (https://www.onesafe.io/blog/shiba-inu-token-asian-expansion) [5] Shiba Inu Price Eyes 163% Upside in Major Bullish Reversal (https://finance.yahoo.com/news/shiba-inu-price-eyes-163-091311757.html)
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