Shiba Inu Price Today: SHIB Surges 35% as Massive Token Burns Fuel Bullish Momentum

The move has also brought renewed attention to Shiba Inu price sentiment, supply dynamics, whale activity, and short-term technical structure.

According to the market data provided for this analysis, SHIB reached around $0.00000569, representing a 5.48% gain in one hour and an approximately 35.86% increase over 24 hours. Its market capitalization rose to about $3.35 billion, while total supply stood at roughly 589.16 trillion tokens.

The rally comes as the broader Shiba Inu news cycle focuses on a combination of increased burn activity, order-book demand, and large-holder movements. However, the latest technical readings remain mixed, suggesting that the sharp advance has improved short-term momentum without yet confirming a broader trend reversal.

Shiba Inu Price Rallies as Burn Activity Accelerates

One of the key developments behind the latest Shiba Inu price move is a sharp increase in SHIB burn activity.

Data cited in the source material showed that approximately 100,890 SHIB tokens were burned in the previous hour across three transactions. Over a 24-hour period, the burn figure reached about 257.9 million tokens, representing a reported 3,219% increase. The seven-day total stood at approximately 313.5 million SHIB, up about 496%.

Token burns permanently remove coins from circulation, reducing the available supply. For SHIB, which has a very large token supply, burns have long been part of the community’s broader effort to create deflationary pressure.

The immediate price impact of any individual burn, however, is difficult to quantify. The number of tokens removed must be considered against SHIB’s overall circulating supply, trading volume and demand. In this case, the latest surge appears to coincide with several factors rather than being attributable to burns alone.

The recent move also follows a period of reported exchange outflows and whale accumulation when SHIB was trading near $0.0000042. Such activity can reduce readily available exchange liquidity, although on-chain transfers do not always indicate a clear directional trade.

Order Book Shows Strong Buyer Interest

Market microstructure data has also added to the bullish narrative surrounding the Shiba Inu coin.

An analysis shared by crypto analyst @dhelSHIB highlighted approximately 66% bid pressure and an Order Book Imbalance (OBI) reading of +0.161, suggesting that buy-side orders were outweighing sell-side orders in the observed market snapshot.

The analysis also identified a buy wall of more than 15 billion SHIB near $0.00000492. If maintained, such a large concentration of bids could act as short-term support. Time-and-sales data from the same analysis reportedly showed that around 70% of the most recent 60 trades were buy fills.

The accompanying market footage also pointed to a volume-profile point of control near $0.00000425, below the prevailing price in the cited data.

Order-book conditions can change rapidly, particularly in volatile crypto markets. Buy walls may be cancelled or moved, meaning they should be treated as a snapshot of liquidity rather than a guaranteed support level.

Dormant SHIB Whale Returns to the Market

Whale activity is providing a more complicated backdrop for the current Shiba Inu price rally.

According to BSCN, an early SHIB holder that reportedly acquired around 17.4% of the token’s supply in August 2020 for approximately $13,752 has become active again after years of relative dormancy. The position later reached a value of roughly $9.1 billion at SHIB’s 2021 peak.

The wallet reportedly transferred nearly 600 billion SHIB, worth about $2.83 million at the time, to a ForwarderV4 address. Such an address can be used to route assets, and the transfer itself does not prove that the tokens were sold.

That distinction is important. Blockchain transactions can show movement between wallets, but they do not necessarily reveal the final intention of the holder. The transfer may eventually lead to a sale or distribution, but additional on-chain evidence would be needed to confirm that.

BSCN also reported that the wallet had moved approximately 3.8 trillion SHIB toward distribution-linked addresses over the preceding month, with estimated liquidations exceeding $20 million during that period.

The activity has therefore introduced a potential source of selling pressure even as other parts of the market show signs of accumulation.

Shiba Inu Price Prediction: Technical Indicators Remain Mixed

The latest technical picture presents a more balanced view of the Shiba Inu price prediction.

Based on the TradingView technical data supplied for the analysis, SHIB/USD was trading near $0.00000491, with the asset showing an intraday gain of approximately 35%. TradingView’s current public SHIB page describes its technical summary as Neutral, while its broader market data also shows the token remains well below its historical peak.

The oscillator readings in the supplied analysis were also classified as Neutral, with zero Sell, seven Neutral and four Buy signals.

The 14-period RSI stood near 70.60. This indicates strong momentum but places the indicator close to the traditionally overbought threshold. TradingView notes that an RSI above 70 is commonly considered overbought, although the indicator alone does not establish that a reversal is imminent.

Other momentum indicators offered a mixed picture:

• Stochastic %K: approximately 45.78, Neutral
• Stochastic RSI Fast: approximately 71.85, Neutral
• CCI (20): approximately 342.49, Neutral
• ADX (14): approximately 21.87, Buy
• Awesome Oscillator: approximately 0.00000001, Buy
• Momentum (10): approximately 0.00000067, Buy
• MACD Level: approximately -0.00000003, Buy
• Williams %R: approximately -20.56, Neutral
• Ultimate Oscillator: approximately 62.93, Neutral

Taken together, these readings point to improving short-term momentum, but they do not provide a uniform signal that the longer-term trend has fully changed.

Key Levels for SHIB Traders

Classic pivot levels from the supplied analysis place the central pivot near $0.00000461.

The main upside levels are:

• R1: $0.00000516
• R2: $0.00000613
• R3: $0.00000765

On the downside, the key support levels are:

• S1: $0.00000364
• S2: $0.00000309
• S3: $0.00000157

For the short-term Shiba Inu price forecast, holding the $0.00000461-$0.00000490 area would keep the recent bullish structure intact. A move above $0.00000516 could bring the $0.00000613 region into focus.

Conversely, a failure to hold recent gains could expose SHIB to a pullback toward the $0.00000400 area or lower. A decisive break below the first major pivot support near $0.00000364 would weaken the immediate bullish setup.

What Is Next for Shiba Inu?

The latest rally has brought renewed attention to Shiba Inu cryptocurrency, but several factors will determine whether the move develops into a sustained recovery.

The surge in burns provides a deflationary narrative, while the reported order-book data points to strong near-term demand. At the same time, renewed activity from a historically significant whale introduces a potential source of additional supply.

Technically, the picture is similarly divided. Short-term moving averages and several momentum indicators favor buyers, while the 100- and 200-period averages remain above the current price and reflect the broader downtrend.

For now, the Shiba Inu current price is at a critical juncture. Holding the recent support zone and clearing $0.00000516 would strengthen the short-term structure, while rejection from resistance or renewed whale distribution could limit the recovery.

As with any volatile cryptocurrency, technical indicators and on-chain data should be viewed as analytical tools rather than guarantees of future performance. The next phase of SHIB’s price action will likely depend on the balance between new demand, available liquidity, broader crypto-market sentiment and the behavior of large holders.