Shiba Inu (SHIB) Price: 16% Weekly Gain as Burn Rate Soars 8,400%

TLDR

• Shiba Inu (SHIB) has surged 16% this week with trading volume up 228%
• SHIB burn rate jumped by an astounding 8,400% as anonymous wallet destroyed tokens
• Technical indicators show strong bullish momentum with RSI at 61
• Analysts predict potential 2x gains with price targets between $0.0000134 and $0.0000297 by end of March
• SHIB futures open interest increased 30% to over $166.74 million, signaling strong trader demand

Shiba Inu (SHIB) has jumped 16% this week, trading at $0.00001553 as of March 26, 2025. This price movement comes alongside a spike in trading volume and a massive token burn event.

The cryptocurrency has seen its trading volume increase by 228% over the past 30 days. This surge in market activity indicates growing interest from traders and investors alike.

One of the key drivers behind this price action is an extraordinary 8,400% increase in the SHIB burn rate. An anonymous wallet destroyed a large number of tokens, reducing the circulating supply.

When tokens are burned, they are permanently removed from circulation. This reduction in supply can have a positive effect on price if demand remains steady or increases.

Technical indicators are supporting this bullish move. The Relative Strength Index (RSI) currently sits at 61, showing strong upward momentum without yet reaching overbought territory.

The Moving Average Convergence Divergence (MACD) has formed a bullish crossover. This signal typically indicates continued upward price movement in the near term.

SHIB has broken above a key downtrend line that now serves as major support. This technical breakthrough often precedes further gains as it confirms a shift in market sentiment.

Market Analysis

Analysts suggest that if SHIB maintains support at the $0.000012 level, it could soon reach $0.000016. A breakout above current resistance could push prices toward $0.000019.

For SHIB to continue its bull rally, it needs to breach the $0.00002341 resistance level. Success here could see prices reach $0.00002606, with $0.00003306 as the next major target.

Shiba Inu Price on CoinGecko

The ecosystem supporting SHIB is also expanding. ShibaSwap 2.0, a decentralized exchange on the Shibarium network, has contributed to improved market participation and liquidity.

SHIB’s long-to-short ratio has reached 1.08. This metric indicates more traders are betting on price increases even during temporary dips.

Looking ahead, price predictions for 2025 suggest SHIB will trade between $0.0000134 and $0.0000297 by the end of March. This represents a potential return on investment of 74.7%.

By December 2025, analysts expect SHIB to trade between $0.0000193 and $0.0000243. This would yield an estimated ROI of 42.9% from current levels.

$Shib #Shib Breaking Descending Channel Range, Successful Breakout Could Lead Solid Rally In Coming Days, Expecting 2x After Successful Breakout. pic.twitter.com/V0YNZAI80m

— World Of Charts (@WorldOfCharts1) March 26, 2025

The 2026 outlook is even more optimistic, with predictions ranging from $0.00005489 to $0.00008854. This represents a potential 485% return on investment from today’s prices.

Some market watchers are drawing parallels to SHIB’s 2021 trajectory. They suggest the token could be on the verge of a parabolic rally similar to what occurred when it reached its all-time high of $0.00008854 in October 2021.

Chart analysts have identified a cup-and-handle pattern forming since the 2021 peak. The “cup” completed with SHIB’s March 2024 peak at $0.00004567, while current price action is finalizing the “handle” portion of this bullish formation.

According to data from ShibariumScan, the Shibarium network’s total block count has crossed 10 million. This milestone demonstrates increasing adoption of SHIB’s underlying blockchain technology.

Some market analysts anticipate a potential 200% rally for SHIB. If realized, this move could boost the token’s market capitalization to approximately $27 billion from its current $9 billion.

Lucie, Shiba Inu’s marketing lead, recently reiterated the ambitious long-term price target of $0.01 per SHIB. However, she emphasized that reaching this milestone will take time and continued ecosystem development.

Recent burn metrics offer additional support to SHIB’s price. According to Shibburn’s data from March 27, the burn rate surged by 57,291.91% in a single day, with over 1 billion coins permanently removed from circulation.

Despite the overall bullish outlook, some technical indicators suggest caution in the immediate term. The daily chart shows SHIB price has already surpassed the upper Bollinger Band, indicating heightened volatility.

This current level could trigger either a sharp upward move or a temporary pullback for consolidation. Traders should be prepared for either scenario in the short term.

Meanwhile, amid ongoing optimism in the SHIB community, Lucie has floated the idea of a Shiba Inu ETF. This comes as ETF analyst James Seyffart predicted a 75% chance of ETF approval for SHIB’s rival Dogecoin.

SHIB futures open interest has increased by 30%, surpassing $166.74 million according to CoinGlass data. This metric indicates strong demand among futures traders and often precedes continued price movement.

With a current market capitalization of $9 billion, SHIB is approaching entry into the top 10 cryptocurrencies by market value. Continued price appreciation could cement its position among the largest digital assets.