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Shiba Inu (SHIB) witnessed a 690% spike in its burn rate, with over 32.3 million tokens permanently removed from circulation, according to data from Shibburn. Despite this deflationary effort, SHIB’s price slid by 3.3%, reflecting broader crypto market consolidation.
Cumulatively, over 410 trillion SHIB tokens have been burned, a strategic move aimed at reducing supply and potentially boosting value. However, the latest burn hasn’t countered the current bearish sentiment, underscoring the importance of demand in price recovery.
Shiba Inu Price Analysis
As of writing, SHIB trades at $0.00001096, per CoinMarketCap, encountering resistance at the 20-day Exponential Moving Average (EMA) near $0.00001222. Technically, the token is consolidating just above the lower Bollinger Band (BB) at $0.00001066, with the middle band at $0.00001253 acting as a pivotal resistance.
A breakout above the EMA and the middle BB could pave the way for a rally toward the upper BB resistance at $0.00001441. However, failure to maintain the $0.00001066 level could lead to a retest of the psychological $0.00001000 support.
The Relative Strength Index (RSI) stands at 35.02, bordering the oversold zone, hinting at a potential short-term bounce—provided buying momentum returns. However, with the RSI still below 50, bearish pressure dominates.
Analyst Eyes 550% Rally
Crypto analyst Javon Marks maintains a bullish outlook, forecasting a SHIB price target of $0.000081—a potential 550% increase. Marks cautioned, however, that a broader market recovery is crucial for this scenario to unfold.
$SHIB (Shiba Inu) –
— JAVON⚡️MARKS (@JavonTM1) April 4, 2025
Target 1: $0.000081 (Over +550% Upside) https://t.co/zHPatL78zZ pic.twitter.com/0bViIAOYns
Adding weight to this optimism, IntoTheBlock reports a 784% surge in large holder net flows, while whale inflows jumped 315.4%, signaling intensified institutional interest.
To bolster community sentiment, Lucie, Shiba Inu’s marketing lead, reaffirmed the potential of upcoming ecosystem upgrades. She highlighted Shibarium and ShibOS as future cornerstones, aiming for global adoption and long-term growth.
I always preach: ignore the bad. Focus on the good, on progress, and on the things that will hold value over time.
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) April 5, 2025
Let’s all stay focused on the amazing upgrades ahead — we’ve got so much going on.
If people want to be malicious, let them. Life will take care of that.
We work…
As SHIB battles resistance zones, eyes remain on key technical levels—and the whales—who may steer the next move.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: SHIB Price Drops 8%: Is Shiba Inu a Buy Ahead of Q2 2025 Altcoin Rally?
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
