Shiba Inu Surges 16.21% Weekly, Faces $1 Challenge

The Shiba Inu price surge has once again captured the attention of the cryptocurrency community, sparking renewed optimism and excitement. After a period of stagnation, the SHIB token has shown a significant increase in price, with a 1.37% rise in the last 24 hours and a 16.21% increase over the past week. This surge has placed Shiba Inu among the top-performing mid-cap cryptocurrencies, driven by increased optimism and appetite towards altcoins. However, the path to reaching the dream price of $1 is fraught with challenges, including an enormous token supply and heavy price resistance levels.

One of the key strategies supporting the long-term vision for Shiba Inu is the SHIB token burn mechanism. By reducing the overall supply, the aim is to create scarcity and potentially increase value. Currently, Shiba Inu has an outstanding supply of approximately 589.5 trillion tokens. To reach $1 without inflating the market cap to impossible levels, 99.9987% of the total supply would need to be burned, reducing it to around 7.77 billion tokens. At the present burn rate, around 15.64 billion tokens were destroyed in March 2025 alone, but at that pace, it would take over 3,100 years to reach the necessary supply reduction. This highlights the significant challenge in achieving the $1 target through token burns alone.

Despite the ongoing enthusiasm, Shiba Inu faces critical obstacles in the form of SHIB price resistance levels. More than 22.7 trillion SHIB tokens are concentrated between the price range of $0.00001293 and $0.000015. These tokens are held across approximately 49,000 accounts, most of which are currently “out of the money.” Many holders will likely be sitting and waiting for the opportunity to sell if they can get their investment back to breakeven, creating a huge potential sell wall. For Shiba Inu’s rally to continue, it has to break this zone with buying pressure. If it cannot do this, we may see a price retracement similar to other rally attempts. It is very important to know these key SHIB price resistance levels for anyone tracking the price of Shiba Inu.

As the market looks ahead, the big question remains: can Shiba Inu absorb the looming supply excess and maintain the current bullish momentum? If the SHIB community continues to support aggressive burning initiatives, while demand from new investors remains strong, SHIB could potentially transform temporary excitement into a more durable uptrend. However, a cautious approach is necessary. While the Shiba Inu price surge paints an optimistic picture, the token must prove it can hold above key resistance points and continue reducing supply meaningfully through the SHIB token burn strategy. Only then can investors truly start dreaming about longer-term gains.

The Shiba Inu price surge has rekindled investor enthusiasm, shining a light on the possibility of greater achievements for SHIB in 2025 and beyond. Yet, the path to $1 is paved with steep challenges, including an enormous token supply and heavy SHIB price resistance levels. While the SHIB token burn remains an essential strategy, its current pace falls dramatically short of what is required. Investors and fans of Shiba Inu should stay hopeful but realistic, focusing on short-term technical milestones rather than lofty distant targets. One thing is clear: SHIB’s resilience, community strength, and strategic developments will continue to keep it at the heart of crypto discussions.