With the burn rate soaring by 3464%, net inflow increasing by 272%, and whales influencing DAO governance, Shiba Inu's price is targeting $0.00001597.
As the momentum in technology and fundamentals continues to strengthen, Shiba Inu remains a focal point for traders. Recent developments in governance, whale activity, and burn patterns have reignited interest in Shiba Inu (SHIB). Despite the short-term price trend seeming relatively weak, there are currently multiple signs indicating that the market is poised for a stronger rebound. Let’s analyze Shiba Inu's price structure and the rising macro indicators to determine if Shiba Inu is ready for the next breakout.
Shiba Inu has broken through a key pattern, with an expected reversal of 156%.
SHIB may experience a significant breakout. The prediction is that the SHIB price will rise by 156%, reaching around $0.000032. This prediction is based on the confirmed bullish divergence from earlier this year.
However, the bullish divergence has not yet failed, indicating that the market may experience a significant reversal. The divergence suggests that SHIB has laid a solid foundation for a substantial rebound, and its current stabilization may become the starting point for this anticipated rebound. As one of the popular meme coin candidates, Shiba Inu remains favored by traders, and these predictions could bolster investor confidence.
After breaking out of a descending wedge pattern, SHIB has made a strong rebound on the 4-hour chart, recovering from $0.00001173 to the demand zone of $0.00001200. This area had previously seen a 36% surge in early July, further confirming the significance of this area as a high-demand zone.
Breaking through the short-term trendline marks a change in market structure. Currently, bulls are targeting higher resistance levels, with SHIB having stabilized at a support level of $0.00001255 and attempting to break through $0.00001313. If this level is successfully broken, the next bullish targets will point to $0.00001422 and $0.00001597, which may indicate that a new round of long-term growth is about to begin.
DAO elections and significant capital inflows have driven the capital consumption rate to soar by 3464%.
The token burn rate of Shiba Inu has surged, with over 9.6 million SHIB burned in the past 24 hours, indicating a daily burn increase of 3464%. Meanwhile, SHIB has launched a three-phase DAO election process, marking an important step towards complete decentralization.
This governance structure employs a token-weighted voting mechanism, where 'whales' play a crucial role. Project leader Shytoshi Kusama stated that candidates with a large number of tokens are more likely to drive the long-term success of the ecosystem.
This governance model can enhance investor confidence and price stability, as whales will dominate the protocol decision-making. The election will narrow the candidate list to three final contenders, after which the leader will be selected through community voting. However, the core team will retain veto power to control the final decision.
This balance of decentralization and control enhances transparency and community trust. According to IntoTheBlock data, in the past 7 days, the net inflow of large holders has surged by 272.67%, proving that whales are not only participating in governance but are also actively accumulating SHIB in preparation for future price increases. All these developments provide strong support for the ongoing bullish sentiment.
In summary, if the breakout continues and the fundamentals remain aligned, Shiba Inu's price is expected to rise again. With the elections progressing, the burn rate skyrocketing, and whale capital accelerating its inflow, Shiba Inu's price may be preparing for significant volatility. This may validate the 156% increase.
