SHIB’s Path to $0.000321: Supply Squeeze and Burn Rate Surge Fuel Optimism

Shiba Inu (SHIB) continues to capture attention in the altcoin market despite recent volatility, with its price currently at $0.00001045, reflecting a 6.70% decline. As the second-largest meme coin by market capitalization, SHIB's investor sentiment remains strong, driven by aggressive token burns and significant exchange outflows that signal a tightening supply. A remarkable 3,484% increase in SHIB's burn rate recently eliminated 537 million tokens within just 24 hours, further fueling bullish expectations. Analysts are eyeing a potential price target of $0.000321 as these supply dynamics create a favorable environment for upward momentum. This article delves into the key factors shaping SHIB's outlook and why the market remains optimistic about its future trajectory.

Shiba Inu Price Outlook: SHIB Eyes $0.000321 Amid Supply Squeeze

Shiba Inu (SHIB) remains a focal point in the altcoin market as volatility grips crypto assets. Trading at $0.00001045—down 6.70%—the meme coin retains its position as the second-largest in its category by market cap. Investor sentiment stays resilient, fueled by aggressive token burns and exchange outflows signaling supply contraction.

A 3,484% spike in SHIB's burn rate eradicated 537 million tokens within 24 hours, while 111.8 billion SHIB fled exchanges. Such movements suggest mounting scarcity and holder conviction. Analysts project a 2025 high of $0.00006392 should ecosystem upgrades materialize and DeFi/metaverse integration accelerate. Absent catalysts, traditional supply-demand dynamics may dictate more modest gains.

SHIB Plunges to 16-Month Low Amid Geopolitical Turmoil

Shiba Inu's token SHIB tumbled to $0.00001010, its lowest level since February 2024, as Middle East tensions triggered a crypto market rout. The memecoin's 30% weekly drop mirrored broader sector losses exceeding $250 billion.

"Stay focused on the roadmap," urged SHIB developers through official channels, emphasizing ongoing ecosystem development despite price action. The team's statement came as Iran-Israel hostilities escalated following US military strikes on nuclear facilities.

Market analysts note SHIB's decline accelerated through June before the weekend capitulation. The token now trades 92% below its 2021 peak, testing holder conviction amid crypto's risk-off environment.

Shiba Inu Holds Key Support Level, Signaling Early Bullish Reversal

Shiba Inu (SHIB) has rebounded from the critical $0.00001000 support level, posting a 4% gain over the past 24 hours. Trading volume surged to 1.6 trillion SHIB, reflecting renewed buying interest as market sentiment shifts.

The token's circulating supply continues its downward trajectory despite a recent slowdown in burn rates, creating long-term bullish pressure. SHIB now faces immediate resistance at $0.00001150, with potential for further upside toward $0.00001300 if momentum sustains.

Market participants are interpreting the strong defense of the psychological $0.00001000 level as a sign of growing holder confidence. While daily burn rates have decreased to 282,515 tokens, the cumulative effect of supply reduction continues to support price fundamentals.

Shiba Inu Price Nearing Critical Support: Bounce Could Spark 100% Rally

Shiba Inu (SHIB) is approaching a pivotal support level within its descending channel pattern, with technical indicators suggesting a potential bullish reversal. The meme coin currently trades at $0.00001099, showing a 5.94% daily gain despite recent bearish pressure.

Analyst Jonathan Carter notes SHIB has broken below the channel's upper resistance and now retests mid-channel levels. A rebound from current support could trigger targets at $0.00001250, $0.00001500, $0.00001730, and ultimately $0.00002 - representing over 100% upside potential from current levels.

Market dynamics show growing buyer interest, evidenced by volume trends and RSI positioning. While the Relative Strength Index remains neutral below 50, the chart structure mirrors historical patterns where descending channels precede strong trend reversals.