Market Sentiment: Mixed Signals for Meme Coins
Amid heightened volatility in the meme coin sector, top assets like Dogecoin and Shiba Inu (SHIB) have shown mixed price action over the past few days. Both tokens have recently regained momentum, breaking through key resistance levels.
The surge in optimism among both whale investors and retail traders has driven SHIB to new levels of buying and selling pressure, highlighting its position as the second-largest meme coin in the cryptocurrency market.
This has sparked a surge in online discussions, with questions such as “Will Shiba Inu reach $1 in 2025?” and “Could SHIB hit $1 within the next 30 days?” circulating widely. Let’s explore the factors influencing these possibilities.
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Shiba Inu’s Price Action and Ecosystem Developments
Burn Rate Surge and Shibarium Advancements
Recent data reveals that Shiba Inu’s burn rate has increased by 180.85% in just 24 hours, with over 38.1 million SHIB tokens burned across three transactions. Notably, two of these transactions each exceeded 10 million tokens.
Shibarium, the layer-2 solution for Shiba Inu, has also introduced Remote Procedure Call (RPC) rate limits to improve the resilience and decentralization of its DeFi ecosystem. Developers are now encouraged to run personal nodes for optimal performance.
Following significant whale sell-offs, the Shiba Inu ecosystem is expected to attract fresh buyers, potentially supporting price growth in the coming weeks.
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Current Price Trends: Shiba Inu Faces Resistance
As of the latest data, SHIB is trading at $0.0000148, down approximately 3% over the past 24 hours, with a trading volume of $457.59 million. Shiba Inu's circulating supply stands at 589.5 trillion tokens, giving it a market capitalization of $8.75 billion and a market dominance of 0.2541%.
From a technical perspective:
The Relative Strength Index (RSI) is approaching neutral territory on the daily chart, with the average trendline acting as resistance.
The 50-day Exponential Moving Average (EMA) is providing support, while the 200-day EMA presents strong resistance at the $0.0000160 level.
Overall, SHIB’s price is poised for increased volatility in the near term, reflecting mixed market signals.
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SHIB Price Prediction: 2025 and Beyond
If Shiba Inu maintains its price above $0.00001525, the token could advance toward the next key resistance at $0.000020. A sustained bullish sentiment might drive SHIB to retest its upper target of $0.000025 in the coming weeks.
Conversely, if bearish momentum prevails, SHIB could retrace to its immediate support level at $0.0000125. A further decline could see it test the critical support level of $0.000010.
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Can Shiba Inu Reach $1?
Given Shiba Inu’s current price and its vast circulating supply, a price target of $1 appears highly improbable in the short to medium term, including by 2025. For SHIB to reach $1, it would require an astronomical increase in market capitalization—far beyond the total value of the entire cryptocurrency market today.
However, continued developments in the Shiba Inu ecosystem, increased utility through Shibarium, and a strong community could support moderate price gains in the future.
