SHIB is holding firm above $0.00001311 as it builds momentum toward the $0.000081 breakout target.
Over 1.05B SHIB burned in a week confirms rising demand, while the chart structure continues to tighten.
SHIB’s breakout mirrors past rallies, with volume, support retests, and trend alignment all pointing to strong continuation.
Shiba Inu is holding firm above a confirmed breakout level after ending a 448-day compression cycle. The current price action, centered near $0.000015, reflects strong support retests and visible bullish structure.
SHIB Holds Breakout Momentum as Compression Ends
Shiba Inu broke past its long-term descending resistance following over a year of price compression. The move triggered a breakout above $0.000012, which later flipped into support after an early rejection near $0.00001796.
In his analysis, analyst Javon Marks reported that SHIB formed a hidden bullish divergence while retesting the $0.000009 range. According to Marks, this formation mirrors SHIB’s previous bullish reversal structure that led to a 900% surge. He believes the current pattern aligns closely with that historical setup.
Source: (X)
Looking at the trend structure, Marks states that SHIB is respecting the neckline curve from its prior decline. With volume showing strength and the chart holding its bullish slope, he maintains two upside targets: $0.000081 and $0.00017852. These levels represent over 500% of the current zone.
Supply Burn and Structural Compression Fuel Sentiment
Shiba Inu remains in a tightly coiled accumulation structure just beneath key resistance. The breakout-retest-confirmation sequence remains intact, with price now sitting above reclaimed zones. This places the market in a technical expansion stage.
With the bullish divergence already confirmed, SHIB’s next hurdle is whether volume can sustain through overhead resistance. Can this formation push SHIB into a broader rally, or will it stall beneath key levels?
At the time of writing, Shibburn reported that 4,425,602 SHIB tokens were burned over the last 24 hours. More notably, weekly burns exceeded 1.05 billion tokens 2109.73% surge. That level of supply reduction adds to bullish bias, especially during structure tightening.
https://twitter.com/shibburn/status/1944336044649795989
SHIB is trading near $0.00001311 with a $7.72 billion market cap. Despite a -2.67% 24-hour price change, structure remains intact, and momentum signals continue to hold. Bulls are watching closely as the next move develops.
SHIB now sits at the edge of a high-conviction setup where structure, burn metrics, and historical echoes converge. With each retest holding stronger and volume beginning to recover, this breakout structure remains active and technically aligned.
This is where demand, chart structure, and burn mechanics are working together-and the next move could be decisive.
