$SHIB has surged ~20% this month, outpacing Bitcoin, thanks to a spike in token burns and renewed interest in its ecosystem. It’s now approaching a key resistance near $0.0000176, and if it breaks above, $SHIB could touch $0.000018 by July 31.

🔑 Key Factors

  • Burn Rate Boom: Over 2,000% increase in token burns is cutting supply.

  • Technical Breakout: SHIB is testing a long-term triangle top; breakout zone is $0.0000176–$0.0000177.

  • Market Support: Bitcoin strength and a high crypto “Greed” index are helping SHIB.

⚠️ Risks

  • Heavy resistance around $0.0000176

  • If Bitcoin stalls or burn rates drop, SHIB could stay under $0.000016

✅ Outlook

Reaching $0.000018 is possible if SHIB breaks key resistance and the broader crypto market stays bullish. Otherwise, price likely stays between $0.000015–$0.000016.