Shiba Inu Price Soars 4% Defying Meme Market Correction: Will SHIB Reach a 500% Upside?

On March 17, 2025, the dog-themed meme coin (Shiba Inu) recorded an impressive growth of 4.53% within the past day. The crypto market fluctuations showcase Shiba Inu as today’s most successful large-cap meme coin. An unexpected market surge has gained widespread attention among traders and analysts as they see potential upside. This is backed by the recent spike in Shiba Inu’s daily trading volume, which has soared 202%, indicating heightened market captivity.  Let’s decrypt more on what’s next for Shiba Inu price. 

The Shibarium Boost: A Surge in Burn Rate

Shiba Inu price has achieved its recent success through an extraordinary boost in burn rate levels. The crypto market has recorded an astounding 1,547.97% hike in Shiba Inu burn rate throughout the previous 24 hours, drawing substantial attention within the crypto community. 

Image 1- Published on Shibburn.com, March 17, 2025. 

The Layer-2 blockchain Shibarium experienced unprecedented transaction volume, decrypting Shiba Inu’s recent elevated burn rate. Shibarium provides users with quick transaction processing and minimal fee rates surpassing traditional Ethereum transactions. The transaction fees on this network automatically eliminate portions that approve supply reduction, resulting in SHIB scarcity. The deflationary system aims to enhance the value of SHIB over time by reducing its total assets.

Notably, the Shiba Inu price surge followed the massive 1,547.97% acceleration in its burn rate, which supported its recent market rally. The elevated Shiba Inu burn rate demonstrates that the meme coin has attracted new levels of enthusiast involvement compared to earlier price surges. Shibarium represents one of the innovative solutions that the Shiba Inu team develops to sustain momentum while showing great promise for future growth.

SHIB’s Price Target: Analyst Predicts 500% Upside Potential

Major analysts are propelled by SHIB’s recent price surge, although they are most enthusiastic about its prospective value. The cryptocurrency analyst Javon Marks, who holds significant influence in the crypto market, has set a crystal clear price expectation of $0.000081 for SHIB. This implies a potential growth of 500% from its current market rate.  The price breakout in SHIB identified by Marks indicates a positive response that might lead to additional market growth.

$SHIB (Shiba Inu)'s breakout target at the $0.000081 level goes UNCHANGED!

As prices continue to hold broken out, and up since showing responsiveness to this breakout, another nearly +500% upside to reach this target could still be well in the works… https://t.co/HpENwKPFfb pic.twitter.com/kNJx4aq8if

— JAVON⚡️MARKS (@JavonTM1) March 16, 2025

This target value of $0.000081 signifies nearly five times growth, which demonstrates a significant potential profit to investors. According to Marks, SHIB has the potential to achieve this milestone based on its present momentum and holding power. Meanwhile, a closer look at the SHIB/USD 4-hour chart shows that the bulls have broken out of the falling wedge pattern. The market is currently priced at $0.00001329, showing a slight 4.53% increase, suggesting a minor recovery attempt. 

Image 2- Published by Emmaculate on TradingView, March 17, 2025.

Moreover, the price has hurtled above the 50-day MA at $0.00001238, targeting the next resistance at $0.00001414, aligning with the 200-day MA. Shiba Inu’s surge above the 50-day MA indicates the beginning of a short-term upward trajectory. If the bulls maintain the momentum, they could flip the $0.00001414 resistance into support, validating the bullish thesis.  

Will Shiba Inu Meme Coin Continue to Defy the Odds?

Shiba Inu presents an astounding performance in the current market environment, where meme coins face declining values. The spike in SHIB price resulted from its heavy burn rate through growing Shibarium transaction volume, demonstrating continuous development within the Shiba Inu ecosystem. The cryptocurrency community projects remarkable, bullish growth for the token, while technical indicators like the RSI show a signal potential upside.

The present price status of Shiba Inu occupies a significant position in the market. Further, its long-term direction depends on successfully maintaining burning mechanisms, ecosystem expansion, and market demand conditions. It is worth noting that anyone interested in investing in SHIB must exercise caution as the crypto market has unpredictable conditions.