At the time of writing, Shiba Inu is trading at $0.00001297, reflecting a 1.26 percent gain over the past 24 hours. The token has formed an inverse head and shoulders pattern, a classic technical setup that often signals a bullish reversal. If the neckline resistance at $0.00001306 is breached, SHIB could rally toward $0.00002600, marking a potential 100 percent surge.
The price structure is encouraging, with horizontal resistance levels at $0.00001397 and $0.00001600 acting as key barriers to further gains. On the downside, support lies at $0.00001252. A drop below this level could weaken the bullish outlook. The Relative Strength Index (RSI) currently sits at 48, indicating a neutral stance but with room to move into bullish territory if momentum continues.
Sellers are still active near mid-range resistance, which could trigger short-term pullbacks. However, if SHIB breaks above $0.00001724, the rally could accelerate rapidly. Overall, the technical indicators and chart patterns suggest a strong foundation for a bullish Shiba Inu price prediction in 2025.
Token Burn Surge and Shibarium Security Upgrade Boost Investor Confidence
Shiba Inu has recently seen a dramatic spike in its token burn rate, with over 4.7 million tokens removed from circulation in just 24 hours. This represents a staggering 1,985 percent increase in burn activity. Such aggressive burns reduce market supply and contribute to long-term upward pressure on price.
In parallel, Shibarium has strengthened its security by partnering with DegenSafe, a move aimed at protecting users from scams and wallet breaches. This proactive step reinforces the ecosystem’s commitment to safety and reliability, which is crucial in the volatile crypto space.
Together, the burn event and security upgrade signal strong fundamentals and growing confidence among both retail and institutional investors. While price movement still depends on technical follow-through, these developments lay the groundwork for sustainable growth.
In summary, Shiba Inu’s outlook remains positive, supported by bullish chart patterns, improving RSI, reduced supply, and enhanced network security.
Frequently Asked Questions (FAQs)
- What is the significance of the inverse head and shoulders pattern for SHIB?
It suggests a potential bullish reversal if the neckline resistance is broken.
- How does the token burn affect Shiba Inu’s price?
Burning tokens reduces supply, which can lead to upward price pressure over time.
- Why is the Shibarium security upgrade important?
It enhances user protection and builds trust in the ecosystem, especially amid rising crypto scams.
