Shiba Inu Surges 0.168% Amid Market Rally and Supply Reduction

Shiba Inu's latest price was $0.00001353, up 0.168% in the last 24 hours. The meme coin has been in the spotlight recently due to its impressive bounce back from the 2025 lows. This surge aligns with the broader market rally, particularly Bitcoin's recent performance. The increased market activity and strategic supply reduction have boosted momentum for Shiba Inu, contributing to fresh confidence in this digital currency. Bullish market sentiment, combined with positive technical signs, makes a sustained breakout seem possible. However, this cryptocurrency faces obstacles requiring continued high investor activity and ecosystem involvement.

Significant rises in trading volume indicate positive Shiba Inu news about its market standing. Daily trading volume for the SHIB price surged last week. This renewed activity indicates greater investor participation, hinting at the momentum needed to break through resistance levels. This type of investor action often precedes major price shifts and sparks future growth. Along with higher trading, there has been a striking increase in token burn activity. In a move that underscores community commitment, more than 888.4 million Shiba Inu tokens were burned recently. This represents a 3,227% jump in the burn rate. Such a substantial decrease in available supply supports the community’s long-term deflationary plan. That strategy aims to increase scarcity and potentially raise the price.

The Shiba Inu ecosystem consistently utilizes its deflationary tokenomics to build long-term value. The strategic burning process permanently removes coins from circulation, creating scarcity that can exert upward pressure on the Shiba Inu price when demand remains steady or increases. Recent burning efforts, as covered in SHIB news and assisted by platforms like ShibTorch, demonstrate the community’s renewed interest in this method. This major supply decrease builds a fundamental base for future price actions. Combining this reduction with growing interest from traders and investors reinforces Shiba Inu’s goal to be viewed as more than just a speculative holding. This shifting perception could strengthen investor confidence and provide the momentum needed to break the immediate technical barrier. Combining supply reduction with growing interest reinforces the potential for a higher SHIB price.

Shiba Inu news often relies on technical analysis, and chart analysis reveals strong bullish signals for the meme-inspired token. Experts note the upper Bollinger Band is narrowing, suggesting potential upcoming volatility. This pattern frequently occurs before significant price changes. If this technical formation persists, SHIB might be close to a major price surge. Such a breakout could potentially double its present valuation. A massive 95.91% jump in large transaction volumes adds weight to this outlook. Such high volumes often point towards activity from major holders, known as whales. These large movements imply major players are preparing for a substantial shift, supporting bullish predictions highlighted in recent SHIB news. Considering the broader crypto market’s upward trend, SHIB appears positioned to achieve a breakout and sustain gains beyond its current resistance level.

The coming days are crucial as the token nears the significant threshold. Breaking through successfully could establish a new support base, leading to further price increases. This is especially true if BTC maintains its lead in the market rally. On the other hand, failing to surpass this mark might cause brief consolidation or a price pullback. Such a scenario would test the support levels for the token and the investors’ resolve. Nevertheless, bullish technical signs, higher market engagement, and strategic supply reduction position Shiba Inu favorably. It remains uncertain whether this cryptocurrency can effectively leverage this combination of factors. However, indications suggest a significant shift may be near. Investors and analysts are closely monitoring SHIB, as its next actions may shape its medium-term path in the constantly fluctuating crypto market.

One of the most popular meme coins in the market is Shiba Inu. With Bitcoin recently crossing $90,000 and taking the crypto market along for the ride, there’s increasing optimism that altcoins like Shiba Inu could be ready for a breakout, but there are many technical and on-chain signals hinting that SHIB still has some fights ahead before moving higher. As of April 23, SHIB is trading around and has reclaimed its 50-day exponential moving average. This move is typically seen as a bullish signal, but it doesn’t guarantee upward momentum. The real hurdle lies in the dense liquidity zone between, where over 66,000 addresses hold more than 41 trillion tokens. This range acts as a psychological wall and a technical barrier. Many of these holders are waiting to break even and could sell quickly if the price rises, creating intense resistance for any SHIB price surge. A second resistance cluster is forming just above this, between, where another 15 trillion tokens are sitting. These are held by “out-of-the-money” investors who could also apply pressure by exiting positions during rallies. This creates a challenging situation for bulls looking to drive price momentum.

Analyst Ali Martinez has also identified the TD Sequential, a technical analysis tool to identify reversals, from the weekly chart on SHIB. The TD Sequential recently reported a buy signal. This would imply a low likelihood of downside and increases the odds of a price action rally. Additionally, it appears that there may be an emerging bullish double-bottom pattern around the zone, with the neckline around. If the validation happens, SHIB may reach a price target of, roughly a 70% move from current levels. Although there is resistance ahead, a few technicals appear positive. The Relative Strength Index is currently slightly above 54, suggesting that the asset isn’t overbought and is ready to move. There is also a bullish divergence formation under the Bollinger Bands, suggesting price momentum appears to be building.

Fundamentals are also coming into play. The Shiba Inu ecosystem continues to develop, as Shibarium’s layer-2 network eclipsed 1 billion transactions. This indicates growing adoption and real-world utility for the token, which could potentially add long-term value. Moreover, the project’s ongoing SHIB token burn strategy is reducing the circulating supply. This mechanism could support a SHIB price surge by improving token scarcity over time. However, caution remains among the community. Shiba Inu’s marketing lead, LUCIE, recently reminded users to stay alert for scammers and impersonators, especially during volatile market conditions. SHIB is at a critical crossroads. With strong resistance ahead and the possibility of a double-bottom pattern forming, Shiba Inu could be on the verge of a major breakout. However, much depends on Bitcoin’s rally, on-chain liquidity zones, and ongoing SHIB token burns. The setup is there. Now, it’s a question of whether bulls have enough fuel to push SHIB higher or if another rejection is around the corner.