#SHIBAInu is back in the spotlight, catching the attention of the crypto community with a notable price move and fresh momentum. At the time of writing, $SHIB is priced at $0.00001304, showing signs of life after a recent surge in token burns and positive technical signals. All eyes are now on whether this upward trend can hold and lead to something bigger.

Massive #SHIB Burn – Over 27M in One Day

One of the key drivers behind SHIB’s recent momentum is the sudden spike in its burn rate—a whopping 1300%+ increase in just 24 hours. Over 27 million SHIB tokens were taken out of circulation, which is a pretty bullish signal for a token with such a massive supply.

Burning tokens reduces the total supply, and while that alone doesn’t guarantee a price pump, it certainly helps create the kind of scarcity that long-term investors look for. With more than 410 trillion #SHIB burned so far, this trend could gradually support upward price pressure.

Technicals: Falling Wedge Points to Bullish Reversal

Crypto analyst ALLINCRYPTO recently highlighted a falling wedge pattern forming on SHIB’s chart—a classic setup known to hint at a bullish breakout. The falling wedge features converging downward-sloping lines, where the resistance line falls faster than the support. When this pattern plays out, it often marks the end of a downtrend and the start of a new move higher.

What makes this setup even more compelling is that it’s forming on a broader timeframe, which can sometimes lead to more sustained moves when breakouts occur. Add in the recent uptick in volume and stronger overall market sentiment, and SHIB’s chart is starting to look a lot more interesting.

“Shiba Inu $SHIB upside expected, falling wedge likely resulting in the pullback being reversed ⏰”

— @RealAllinCrypto

Market Mood Boosting #SHIB

The SHIB pump isn’t happening in isolation—it’s part of a bigger altcoin rally. With #Bitcoin trading close to $94,000, the entire crypto market is seeing renewed momentum, and SHIB is tagging along. In the past week alone, SHIB has gained nearly 10%, riding the wave of optimism and fresh capital flowing into altcoins.

Social sentiment is also warming up. #SHIB is getting more chatter online again, and that renewed interest often helps fuel trading volume and price movement—especially for meme coins that thrive on community and hype.

So… Is #SHIB Ready for a Breakout?

In short, things are lining up nicely for SHIB—but with a few caveats. The chart looks bullish, burn rates are way up, and the broader market backdrop is solid. Still, crypto is unpredictable, and short-term hype doesn’t always lead to long-term gains.

That said, #SHIB is showing some real potential here. If the burn rate remains high and the breakout from the falling wedge confirms with strong volume, SHIB could be setting up for a stronger rally. Definitely worth watching—especially if Bitcoin holds its ground and altcoin season keeps rolling.