SHIB Price Prediction: Bullish or Bearish? Key Factors to Consider

#SHIB

• Technical indicators show SHIB may be oversold with potential for rebound
• Record-breaking 13,872% increase in SHIB burn rate could reduce supply
• Governance overhaul and accumulation signs point to growing ecosystem strength

SHIB Price Prediction

SHIB Technical Analysis: Key Indicators to Watch

According to BTCC financial analyst John, SHIB is currently trading at 0.00001236 USDT, below its 20-day moving average (MA) of 0.00001353. The MACD indicator shows a bullish crossover with the MACD line at 0.00000132 above the signal line at 0.00000052, and a positive histogram value of 0.00000081. Bollinger Bands indicate that SHIB is trading near the lower band at 0.00001113, suggesting potential oversold conditions. John notes that if SHIB can hold above the lower Bollinger Band, a rebound towards the middle band at 0.00001353 is likely.

SHIB Market Sentiment: Bullish Catalysts Ahead

BTCC financial analyst John highlights several bullish developments for SHIB, including a staggering 13,872% increase in the SHIB burn rate over 24 hours, which could reduce supply and support prices. Additionally, the initiation of a governance overhaul with a network president election and signs of accumulation after a channel breakout suggest growing investor confidence. John cautions that while the 3-month trend appears bullish, the 6-month trend shows some divergence, requiring careful monitoring of these developments.

Factors Influencing SHIB’s Price

Shiba Inu (SHIB) Burn Rate Skyrockets 13,872% in 24 Hours

Shiba Inu's deflationary mechanism has accelerated dramatically, with on-chain data from Shibburn revealing a 13,872.22% surge in its 24-hour burn rate. This marks one of the most significant token destruction events in the project's history, underscoring the community's aggressive push to reduce supply.

Despite the frenetic burn activity, SHIB's price remains subdued, trading at $0.00001210, down 0.93% over the past day. The token's market capitalization hovers NEAR $7.1 billion, maintaining its position among the top 30 cryptocurrencies by market cap.

The latest burn spike follows a similar event on July 29, when over 600 million SHIB were destroyed in a single transaction, driving a 16,717% increase in burns. Community-driven deflationary efforts continue unabated, even as price action remains sideways.

SHIB Price: Bullish or Bearish? 3 & 6 Month Trend Split

Shiba Inu finds itself in a tug-of-war between bullish and bearish forces, with its price currently hovering at $0.00001210—a 1% dip over the past 24 hours. Analysts are divided on its trajectory, as CoinCodex's 3- and 6-month analyses reveal conflicting signals.

On the bullish front, SHIB could surge to $0.00002951 by November 2025, according to Token Metrics data. This Optimism aligns with SHIB Knight's short-term targets of $0.00001400 and $0.00001600, contingent on breaking the $0.00001242 resistance level. A recent breakout from a falling wedge pattern—a classic bullish reversal—adds credence to this outlook.

However, the 6-month forecast paints a darker picture. CoinCodex projects a bearish turn by February 2026, suggesting the token may relinquish recent gains. Market watchers are now weighing these opposing forces, with volatility expected to dominate SHIB's near-term movements.

Shiba Inu Initiates Governance Overhaul with Network President Election

Shiba Inu has launched a multi-stage voting process to elect its first interim "network president" and establish councils for each DAO, marking what the team calls "the true birth of a network state." Lead developer Shytoshi Kusama framed the MOVE as a critical step toward full decentralization, emphasizing the project's design to eliminate single-party control.

Core developer Kaal Dhairya reinforced the vision, stating the ecosystem's strength lies in its decentralized token systems. The interim president will serve until ratification within four months of "Shibizenship" implementation—a governance milestone aligning with the community's fifth "Shib Year."

Shiba Inu (SHIB) Shows Accumulation Signs After Channel Breakout

Shiba Inu has broken out of a long-term descending channel pattern, with its price now consolidating between $0.000011 and $0.000012. Analysts interpret this as an accumulation phase, with crypto trader Jonathan Carter identifying key upside targets at $0.000014, $0.000018, $0.000021, and $0.000025 if support holds.

The meme coin's holder base remains steady at 1.41 million addresses, demonstrating resilient network activity during this consolidation period. SHIB's fifth anniversary has added sentimental momentum to the technical setup, though weekly performance still shows a 7% decline.

Current trading volume averages $197 million daily, with Volume Profile data confirming significant activity around the current price levels. Market participants appear to be positioning for potential upside while the price action tests the breakout zone.

Is SHIB a good investment?

According to BTCC financial analyst John, SHIB presents a mixed but cautiously optimistic outlook. Key technical indicators suggest potential for a short-term rebound, while recent news events like the massive burn rate increase and governance changes could provide fundamental support. Below is a summary of key data:

John advises investors to monitor the 20-day MA and Bollinger Bands for confirmation of a trend reversal, while keeping an eye on the ongoing governance developments and burn rate trends.