- Shiba Inu price could rally 156%, targeting $0.000032, backed by bullish divergence and strong support levels.
- Whale activity up 272%, signaling increased SHIB investments ahead of a potential breakout.
- SHIB burn rate skyrockets 3464%, boosting scarcity and adding bullish momentum to the coin.
Shiba Inu price is showing signs of a strong breakout, with analysts predicting a 156% price rally. The coin is on track to reach $0.000032, driven by a bullish divergence that could trigger a significant market move. With growing support from both technical indicators and whale activity, SHIB’s bullish momentum is gaining attention.
Bullish Divergence Signals Potential SHIB Price Surge
Analyst Javon Marks suggests that Shiba Inu price could experience a significant breakout, predicting a 156% rally that may push SHIB price to around $0.000032. This forecast is based on a bullish divergence confirmed earlier in the year, indicating that SHIB has established a solid foundation for a major price movement. The divergence is still intact, suggesting that the current price stabilization could act as a launchpad for the anticipated rally.
The SHIB price chart shows that the SHIB price recently bounced strongly from the $0.00001173-$0.00001200 demand zone, which had previously sparked a 36% surge in July. This area is considered a high-demand zone, and the breakout above a short-term trendline marks a shift in market structure.
Source: Javon Marks/X
With bulls aiming for higher resistance levels, SHIB price has regained support at $0.00001255 and is testing the $0.00001313 level. If this is breached, the next targets will be $0.00001422 and $0.00001597, potentially setting the stage for sustained upward movement. SHIB price popularity as a top memecoin could further fuel investor confidence in this rally.
Whale Activity and Token Burns Fuel SHIB Price Momentum
Shiba Inu’s ecosystem is also witnessing a surge in whale participation, with large holders significantly increasing their investments in SHIB. According to IntoTheBlock, whale netflows have risen by 272.67% in the past week, showing that large holders are preparing for potential price gains.
This growing whale activity is also linked to the launch of Shiba Inu’s DAO election process, which could help secure long-term governance and stability.
In addition to whale interest, the daily burn rate for SHIB has seen a massive increase of 3464%, with over 9.6 million tokens burned in the last 24 hours. This rapid burn rate, combined with a decentralized governance model, may contribute to a more stable SHIB ecosystem and support its bullish outlook.
Source: IntoTheBlock
The combination of technical indicators, whale actions, and the growing token burn could lead to the validation of the 156% price prediction, bringing SHIB price closer to the $0.000032 target.
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