Shiba Inu Burn Spikes 48327% in 24 Hours: Will This Ignite a Breakout?

Shiba Inu burn rate has surged 48327%, fueling projections about a possible rally. By reducing the token supply, the burn mechanism aims to boost value, but demand remains the key factor. While Shiba Inu price prediction models show mixed signals, traders are watching closely to see if this surge can trigger a breakout. Millions of SHIB coins have been removed, renewing optimism among traders. If momentum holds Shiba Inu breakout could be imminent, potentially pushing it toward the $0.00001400 target. However, resistance levels and market sentiment will determine its next move.

Shiba Inu Burn Rate Soars

One of the key drivers behind this burn surge is the growing participation of Shiba Inu whales and the community-led initiatives aimed at reducing supply. Whale activity has been a major factor in previous SHIB price rally phases, and recent on-chain data suggests that large investors are once again accumulating SHIB while simultaneously contributing to the burn effort. Historically, SHIB’s price has reacted positively to major burn events. For example, past burn spikes have often been followed by short-term price gains, although sustained rallies require additional factors like increased trading volume and broader market sentiment. 

Graph 1- Published on shibburn.com, March 17, 2025

The latest breakout potential remains uncertain, as SHIB needs to break through key resistance levels before a bullish trend can be confirmed. As investors analyze whether this burn rate surge will lead to a breakout, attention now shifts to SHIB’s price action and whether it can hold support levels while maintaining upward momentum. The next 24 hours will be crucial in determining whether SHIB’s price can rally toward the much-anticipated $0.00001400 target.

Shiba Inu Price Prediction: Price Rally Stalls After Breakout

The trading day of March 16th started on a bullish note as SHIB price surged toward resistance at $0.00001317, encountering overbought conditions. However, the rally was short-lived as a MACD Death Cross at 8:00 UTC triggered a downward trend. Selling pressure intensified, pushing the price down to the $0.00001256 support level by 11:40 UTC. By 16:00 UTC, oversold RSI conditions sparked a Shiba Inu breakout, confirmed by a golden cross, sending the price past the $0.00001368 resistance and reaching a daily high of $0.00001383. However, a death cross at 17:00 UTC initiated another downward trend, wiping out a portion of the gains.

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 17, 2025

As March 17th began, SHIB attempted a recovery with a golden cross at 00:35 UTC, fueling an upward trend. The momentum continued until 2:50 UTC, where overbought conditions slowed the climb. A death cross at 3:10 UTC signaled renewed selling, reinforced by oversold conditions at 6:30 UTC. According to Shiba Inu Price Prediction, if the price continues downward, it could break below $0.00001256 support. However, if buyers regain control, another Shiba Inu breakout above $0.00001368 resistance could push prices toward the $0.00001400 range or higher.

Shiba Inu’s Next Move

The recent surge in the Shiba Inu burn rate has sparked optimism within the community, but its impact on price movement remains uncertain. While historical trends suggest that major burns contribute to price gains, SHIB must maintain momentum and break key resistance levels to sustain SHIB’s price. If bullish sentiment prevails, it could target $0.00001400. However, failure to hold support may lead to further declines. As Shiba Inu price prediction models remain mixed, traders are watching closely for Shiba Inu’s next move.