SHIB Price Prediction: How High Will the Meme Coin Go?

#SHIB

• SHIB price currently trading 12% above 20-day moving average
• MACD shows decreasing bearish momentum
• 883% surge in token burns reduces circulating supply

SHIB Price Prediction

SHIB Technical Analysis: Bullish Signals Emerge

According to BTCC financial analyst Mia, SHIB is currently trading at 0.00001516 USDT, above its 20-day moving average of 0.00001354. The MACD histogram shows a narrowing bearish momentum (-0.00000043), suggesting potential trend reversal. With price hovering near the upper Bollinger Band (0.00001631) and the community's active token burns, technical indicators point to continued upward potential.

SHIB Market Sentiment Turns Bullish

BTCC's Mia notes the shiba inu ecosystem is showing strong bullish signals, with a 883% surge in burn rate eliminating 21 million tokens. The 30% July rally broke key resistance levels, though overbought conditions suggest possible short-term consolidation before further gains.

Factors Influencing SHIB's Price

Shiba Inu Price Eyes Major Target After Completing Bullish Setup

Shiba Inu coin has surged 50% from its June low of $0.00001004, breaking above a key resistance trendline. Analysts now target $0.000025, a level last tested in January 2024.

The meme coin's 32% July rally mirrors broader altcoin strength. Market observers note the June dip to $0.00001004 served as a liquidity sweep, flushing out weak positions before the current uptrend.

Technical charts show SHIB has reclaimed critical levels, with the descending trendline breach signaling potential for extended gains. The asset's 16.5% weekly increase underscores growing speculative interest.

Shiba Inu Burn Rate Surges 883% as Community Destroys 21 Million Tokens

Shiba Inu's token burn mechanism has ignited with unprecedented intensity, recording an 883.89% spike in destruction rate over 24 hours. The memecoin ecosystem permanently removed 21.6 million SHIB from circulation, including a single transaction eliminating 16.44 million tokens—the week's largest incineration event.

Weekly burn totals reached 131.42 million SHIB, marking a 129.63% increase from prior periods. This acceleration stems not from price volatility but from coordinated community action, with investors voluntarily transferring holdings to unspendable blockchain addresses. The SHIB army's systematic supply reduction strategy continues gaining momentum as the project matures beyond its speculative origins.

Shiba Inu Surges 30% in July as SHIB Breaks Key Resistance at Overbought Levels

Shiba Inu's SHIB token has rallied 30% in July, powered by a decisive breakout above a descending trendline that had capped prices since January 2025. The meme coin now trades at overbought levels with an RSI of 78.18, signaling potential near-term pullback risk despite bullish momentum.

Three fundamental drivers are fueling the rally: AI integration initiatives that reposition SHIB beyond meme status, explosive growth in token burn rates creating deflationary pressure, and whale accumulation providing institutional-grade support. The July 19th technical breakout triggered a 2.8% surge that shifted market psychology.

How High Will SHIB Price Go?

Based on current technicals and market sentiment, SHIB could test the next resistance level at 0.00001850 USDT in the coming weeks. Key factors include:

Mia cautions that while the setup appears bullish, traders should watch for potential pullbacks to the 20-day MA at 0.00001354 as healthy corrections.