SHİB

The #shibaInu coin is back under the limelight with its impressive price action over the past few days. This has resulted in this crypto project recording increased price action. Adding to this, the shibburn rate has also witnessed a significant rise, suggesting a long-term bullish sentiment for it.
Considering the present market sentiments, investors are wondering about the short-term possibilities of this memecoin. Are you one of many wondering the same? Read more to find out the possible Shiba Inu Price Prediction for this week.
41 Million $SHIB Tokens Burned in 24 Hours
Over the past 24 hours, the shibburn rate has experienced a jump of over 18% to 41.453 million tokens. Notably, this was a result of seven transactions out of which 2 transactions recorded a token burn of less than 1 token.

Source: shibburn
On the other hand, it witnessed 3 transactions over a million token burn with one exceeding over 23 million. With this, the total burn value of today was just over $601, making it one of the best burn days for Shiba Inu this month.
Shiba Inu Coin Records Higher Lows
The #SHİB price today has displayed a neutral price action by recording a variation of less than 1% in valuation. Moreover, with an intraday trading volume of just over $190 million, it has maintained its value around the $0.00001450 mark. With a market cap of $8.54 billion, it has a dominice of 0.2464%.
Shib/Usdt Price Chart
Source: TradingView (SHIB/USDT)
The Moving Average Convergence Divergence (MACD) records a constant red histogram in the daily time frame with its averages displaying a similar price trend. Considering this, the memecoin may display a negative price action this week.
Moreover, the Simple Moving Average (SMA) has displayed a bearish convergence in the Shiba Inu price chart. This suggests an increase in the selling-over-buying pressure for the altcoin in the cryptocurrency space.
How High Can SHIB Memecoin Realistically Go?
If the market favors the bulls, this could result in the price of SHIB memecoin retesting its resistance zone of $0.0000150. Maintaining the price above that level could set the stage for it to prepare to hit its upper price target of $0.000020 in the upcoming time.
On the contrary, if the bears outrun the bulls, the second largest meme coin could drop toward its support zone of $0.0000120. If the bulls fail to regain momentum at that point, this may act as a catalyst in the price plunging toward its crucial support level of $0.000010.
#BinanceAlphaAlert #SaylorBTCPurchase #memecoins

The Shiba Inu ($SHIB ) ecosystem has experienced a notable contraction in supply over the past 24 hours. According to data from the Shibburn tracking platform, the SHIB burn rate surged by an impressive 2,416.44%, with a total of 53,913,481 SHIB tokens permanently removed from circulation. This sharp increase underscores the community’s continued efforts to enhance token scarcity and support the asset's long-term value proposition.

Significant Token Burns Lead Supply Reduction

Among the largest individual burn transactions recorded were 14,178,952 SHIB, 23,068,929 SHIB, and 11,264,137 SHIB, all transferred to designated dead wallets. These burns significantly exceed the previous weekend’s figures, when the burn rate spiked by over 22,662%, although the total volume burned then was comparatively lower at 37,959,900 SHIB.

These strategic burns are part of a broader initiative aimed at reducing the overall circulating supply of SHIB, a move that may support its price by introducing deflationary pressure.

SHIB Price Rises 4.8% Amid Improved Market Sentiment

Following the latest burn activity, SHIB's market price has shown a positive reaction. The token rose 4.8% from $0.00001408 to $0.00001476, reflecting improved investor sentiment and broader bullish momentum in the cryptocurrency market.

Bitcoin (BTC), which often sets the tone for the crypto space, climbed 2.43% in the same 24-hour period. BTC is currently trading at $110,064, having broken above the $107,500 resistance level. This rally was largely driven by geopolitical news, particularly the U.S. government’s decision to delay the implementation of 50% tariffs on European goods. The new deadline has been moved from June 1 to July 9, following a request from European Commission President Ursula von der Leyen during a phone conversation with U.S. President Donald Trump.

Outlook

The recent surge in SHIB token burns illustrates the community’s proactive stance on supply reduction, which may exert upward pressure on price in the short term. However, the token’s performance remains closely linked to broader market trends, particularly Bitcoin’s movements and macroeconomic developments.

Investors are advised to continue monitoring SHIB burn activity and external market catalysts, as these factors could significantly influence the asset’s supply dynamics and future price action.

1. $100 in $PEPE
2. $300 in $SHIB
3. $1,000 in $FLOKI
4. $20,000 in HAMSTER
Now it’s in your hands—choose wisely.
#Crypto #memecoins #pepe #SHİB #floki #cryptopoll

As global markets continue to grapple with rising uncertainty driven by geopolitical tensions and shifting trade policies, Shiba Inu (SHIB) has emerged as one of the most resilient altcoins. Despite a sharp midday selloff, SHIB staged a strong comeback in the evening — with impressive momentum.
While many cryptocurrencies remained flat or bearish, SHIB rallied over 5% in a single day, once again drawing attention from traders. A critical surge occurred around 10 PM, pushing the token up by 3.0%, accompanied by nearly 900 billion SHIB tokens traded in volume.

🔹 24-Hour Technical Analysis Overview
SHIB established a clear trading range between $0.0000139 (daily low) and $0.0000147 (new resistance level), marking a spread of 5.24% over the day. After a steep dip in the afternoon, SHIB found strong buying support near its local low.

🔹 Strong Nighttime Recovery Fuels Bullish Sentiment
A major reversal unfolded around 10 PM, with SHIB climbing quickly and forming a new resistance at $0.0000147. The move was backed by a trading volume spike to nearly 900 billion tokens during that hour alone.
Later, between 1:26 AM and 1:46 AM, SHIB rose from $0.00001455 to $0.00001463, accompanied by additional volume, which peaked at 30.15 billion SHIB. This movement signaled a continuation of bullish strength and a potential breakout attempt.

🔹 Short-Term Volatility: Channel Formation and Support Retest
In the final minutes of trading, SHIB experienced mild downward pressure, forming a descending channel and pulling back toward $0.00001457. While this may signal a short-term correction, analysts are watching whether SHIB can maintain its footing above the $0.00001450 support zone.

🔹 Market Sentiment and Outlook
Overall sentiment around SHIB remains optimistic. With increasing community activity, the viral growth of new DeFi initiatives like Mutuum Finance, and SHIB's historical correlation with Ethereum’s performance, analysts believe a push toward $0.000015–$0.000016 is likely in the short term.
From a daily chart perspective, SHIB appears to be forming a new bullish structure, with the RSI remaining comfortably outside overbought territory. If the token maintains volume and breaks above resistance, it could head toward the medium-term target of $0.0000178, and possibly retest the April 2024 high near $0.000020.

#Shibarium , #memecoin , #SHİB , #CryptoNewss , #CryptoMarketMoves

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