While the crypto market remains under bearish pressure, Shiba Inu (SHIB) is quietly building momentum for a potential explosive move. With more than 410 trillion tokens burned and a surge in staking activity, this meme coin could be preparing for a powerful rally. Is a major price breakout on the horizon?
♻️ Token Burns & Staking: SHIB's Secret Weapons
SHIB is currently trading around $0.000014, just above its yearly low of $0.00001025. But behind the scenes, two major catalysts are fueling optimism:
🔹 Token burning – the permanent removal of coins from circulation – is accelerating. Over 420 trillion SHIB have been burned since inception, with 14.76 million burned just on Monday. The total supply has now dropped to around 584 trillion.
🔹 At the same time, SHIB holders have staked more than 4.8 trillion xSHIB tokens, currently worth over $67 million – a clear sign of long-term confidence from the SHIB Army.
🧨 How Is SHIB Burning Its Tokens?
Burning occurs through multiple methods:
🔹 Users send SHIB to so-called “dead” addresses, rendering them unusable
🔹 Fees generated from the Shibarium ecosystem are converted from BONE to SHIB, and then burned
This gradually reduces supply, potentially increasing token value – especially if demand begins to surge.
📈 Chart Analysis Suggests a 150% Upside
Technical indicators suggest SHIB may be on the verge of a 150% breakout. Why? The daily chart reveals a massive double bottom pattern, which often signals a strong bullish reversal.
🔹 The double bottom lies at $0.00001080, touched both in August 2023 and again this April.
🔹 A breakout above the neckline at $0.000033 could trigger a powerful price rally.
Before reaching that target, SHIB must break through two key levels:
🔹 $0.00001565 – the neckline of a smaller double bottom formed this month
🔹 $0.000022 – the critical 50% Fibonacci retracement level
However, if SHIB falls back below $0.00001080, the bullish outlook could be invalidated.
🐾 Conclusion: Burns Are Up, Confidence Is Rising – and a Breakout May Be Coming
SHIB may still be trading at low levels, but under the surface, the fundamentals are heating up. A combination of accelerated token burning, rising staking activity, and bullish technical signals could be the perfect recipe for a breakout.
Will SHIB become the surprise star of the year?
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