Shiba Inu Shows Bullish Signals Amid 3464% Burn Surge and Price Rally

Shiba Inu (SHIB) has recently attracted attention from several crypto analysts, who are highlighting potential bullish signals that could propel the token toward a significant price increase [1]. After a prolonged period of consolidation and declining prices, SHIB appears to be showing signs of renewed strength, according to technical indicators and market observations.

Crypto analyst Javon Marks pointed to a bullish divergence on the SHIB two-day chart, noting that while the price has been forming lower lows, the Moving Average Convergence Divergence (MACD) has been trending higher [1]. This kind of divergence between price action and momentum is often interpreted as a precursor to a trend reversal. Marks outlined a price target of $0.000032, contingent on SHIB maintaining its position above the $0.0000125 level, where the divergence was confirmed [1].

Jonathan Carter echoed similar optimism, observing that SHIB has broken out of a descending channel on the daily chart, a pattern that had constrained the token for weeks [1]. The token is currently rallying just above a support range between $0.00001050 and $0.00001250, which has historically drawn buyers. Carter outlined several potential price targets—$0.00001400, $0.00001750, $0.00002050, and possibly $0.00002500—if the breakout sustains [1].

Wyckoff Insider added to the bullish case, noting that SHIB is closing within a high-volume zone, indicating strong buying interest [1]. If the token can hold this range, it could see a rise to $0.00002210, with further upside potential toward $0.00003900 over time. Joe Swanson also shared a breakout setup, suggesting a 70% price increase to $0.00002150 could occur if SHIB clears $0.00001715 [1]. He also highlighted increased whale activity, which may indicate larger investors are positioning for a potential move.

Despite these optimistic projections, not all analysts are bullish. Mitrade noted that without a surge in fresh demand, a strong short-term recovery in SHIB’s value is unlikely [2]. Bitget also stated that most price predictions do not see SHIB reaching $1 within the next two years [4].

Fundamental developments have also played a role in recent sentiment. U.Today reported that SHIB’s burn rate surged by 3,464% in a 24-hour period, with nearly 9.6 million tokens destroyed [5]. While the burn activity is small relative to SHIB’s total supply, it has generated community interest and may support positive sentiment.

SHIB’s price recently rose by 4% to $0.00001258, in line with broader crypto market gains driven by speculation around potential inclusion in 401(k) retirement plans [5]. However, the token faces resistance at the daily SMA 50 level, and a successful breakout could signal the start of a new uptrend.

Some investors are showing signs of shifting away from SHIB, favoring alternatives such as Dogecoin (DOGE) [6]. This shift reflects concerns over SHIB’s stagnant price and bearish outlook, which may pose challenges for attracting sustained institutional interest.

While multiple analysts are watching for signs of a potential 156% price rally, the market remains volatile and subject to broader macroeconomic and crypto-specific developments. Investors are advised to approach with caution and monitor key levels closely.

Source:

[1] CoinMarketCap – [https://coinmarketcap.com/community/articles/6894f8d14e2eff6d789f4cf2/](https://coinmarketcap.com/community/articles/6894f8d14e2eff6d789f4cf2/)

[2] Mitrade – [https://www.mitrade.com/insights/news/live-news/article-3-1014065-20250805](https://www.mitrade.com/insights/news/live-news/article-3-1014065-20250805)

[4] Bitget – [https://www.bitget.com/price/shiba-inu/price-prediction](https://www.bitget.com/price/shiba-inu/price-prediction)

[5] U.Today – [https://u.today/9614765-shib-tokens-destroyed-in-hours-as-key-metric-soars-3464](https://u.today/9614765-shib-tokens-destroyed-in-hours-as-key-metric-soars-3464)

[6] TaxTMI – [https://www.taxtmi.com/news?id=40979](https://www.taxtmi.com/news?id=40979)