Shiba Inu Surges 6.5% as Bullish Momentum Builds

Shiba Inu's latest price was $0.00001325, down 0.415% in the last 24 hours. This movement indicates a possible change in trend, as the token has broken a bearish trendline that had been in place since May. This breakout has cleared resistance and opened up space for a retest of April’s highs. The Bollinger Bands, which had been narrowing, are now widening, reflecting a return of volatility as SHIB targets the upper band.

Shiba Inu has also surged past a downward trendline that had been in place since May, taking an important short-term obstacle. The breakout eliminates the past blockage and readies the token to test the highs of April. Unlike earlier attempts, the current advance is forming from a higher low, indicating improving structure and stronger underlying support. Additionally, there is less resistance within the mid-band region now that SHIB has regained the 20-week average. This could support further upward movement if buying pressure holds.

A continuation of this trend will depend on sustained momentum and trading volume. If bulls maintain control and reinforce the breakout, SHIB could post one of its cleanest rallies in recent months. The price remains within reach of the upper technical boundary, and overall conditions suggest potential for a significant increase if momentum is preserved.

Shiba Inu, the second most valued memecoin by market cap, has recorded a significant drop in its burn rate. However, despite this development, SHIB bulls appear to have remained in an uptrend. According to data from ShibBurn, an automated tracker, SHIB’s burn rate plummeted by 82% within 24 hours. The burn rate dropped as 1,556,906 SHIB tokens burned within the aforementioned timeframe. Over the last 7-days, 48,740,998 SHIB tokens have been burned—marking an 11.90% drop in the burn rate recorded over the stated period. Following the massive asset burn, Shiba Inu’s token supply sits at $6.96 billion. Notably, Shiba Inu’s price has continued in an upward momentum, suggesting that the bullish pressure was sustained over time. It is worth noting that over the last week, transactions on the network have increased by as much as 195% and 200%. This further solidifies the rising interest among retail investors, who appear to remain bullish on the asset at this time.

Shiba Inu experienced a notable price movement early Monday, surging over 6.5 percent and crossing the $0.00001400 level. This marked the first time the memecoin reached this price in over six weeks. According to a post on X by a well-known crypto investor, a strong bullish candle on the SHIBUSD daily chart was identified. The investor called it a Great Candle by SHIB, and thus, it might mark the beginning of a new positive movement. The breakout of price had the bullish flag chart formation that the investor pointed out. This trend had established a possible target of 0.0000233 or a potential growth of 17.72 percentage points relative to the previous level. Shiba Inu closed above the small price resistance zone after several days of retesting the area. The given price movement transformed the former resistance into the support level, boosting bullish sentiment. In addition, in the daily chart, SHIB is building strength at its current location. However, its weekly chart shows that the token is still in very tight congestion, and it has to break out clearly to ensure a long-term uptrend. Investors will now be observing how SHIB behaves in the newly established support zone at $0.00001350. The level may be sustainable and act as a crucial step towards future profits as long as such bullish candles are viewed on the daily chart. Moreover, the latest flare followed a record-breaking burn that eliminated more than 1 billion SHIB in a single transaction. These extended burns usually lessen supply, which may contribute to upward price pressure. Although the bullish indicators are just in line, Shiba Inu has to get out of the crowded area on the weekly time frame. A breakout there would probably reinforce investor enthusiasm and even spark another wave of intense purchases. Shiba Inu’s latest price action has drawn attention within the crypto community, particularly after surpassing a major resistance level. The ongoing alignment of technical patterns with broader market trends may support continued upward momentum in the coming days.

Market analysts observe shifting dynamics within the Shiba Inu ecosystem, with indications pointing towards a potential reversal of prolonged bearish trends as selling pressure diminishes and underlying bullish momentum strengthens.

Significant changes in token holder behavior are being reported, as the average holding time for transacted Shiba Inu coins experienced a substantial surge of 783% within a recent seven-day timeframe, suggesting a potential shift towards a more long-term holding strategy among participants.

Shiba Inu ecosystem tokens showed notable activity alongside broader market movements, participating in a significant uptrend coinciding with Bitcoin's performance as the overall cryptocurrency market capitalization saw substantial expansion.

The dynamics of Shiba Inu's token supply management have changed considerably, with data indicating an 82% decline in the network's token burn rate during mid-July 2025. This sharp drop represents a significant deceleration in the rate at which SHIB tokens are being permanently removed from circulation.