TLDR
- The Shiba Inu price increased by 2.33% and now trades at $0.00001011, following a surge in massive token burns.
- Token burns spiked by 1,993% and eliminated more than 10 million SHIB tokens from circulation, according to Shibburn data.
- T. Rowe Price filed for the first U.S. Shiba Inu ETF alongside Bitcoin, Ethereum, and Solana.
- The Shiba Inu price has formed a falling wedge pattern, which typically signals a strong upside reversal in crypto markets.
- Buyers have defended the support zone at $0.0000097 multiple times through fresh capital inflows and retests.
Shiba Inu price has gained momentum after a massive 1,993% surge in token burns eliminated over 10 million tokens. The SHIB price currently trades at $0.00001011 with a 2.33% daily increase. T. Rowe Price filed for the first U.S. Shiba Inu ETF, which has boosted investor confidence across the market.
Shiba Inu Price Forms Bullish Pattern
The Shiba Inu price has developed a falling wedge pattern over recent months. This technical formation typically leads to strong upside reversals in crypto markets.
Price action indicates a tightening consolidation between declining highs and consistent lows, suggesting that sellers are losing control. Buyers have established a firm support zone near $0.0000097 and defended it through multiple retests. Fresh capital inflows demonstrate strong confidence that SHIB will soon transition from consolidation into recovery.
The following resistance levels stand at $0.0000111 and $0.0000129, and these barriers will determine the future direction. Breaking above these points would attract new liquidity as investors seek confirmation of trend reversal. The MFI indicator currently reads 68, indicating dominant capital inflows that support bullish expectations.
A breakout above the wedge’s upper line could push the Shiba Inu price toward $0.00001760. This structure supports expectations of a steady rebound extending through the end of the year. The pattern indicates buyers are building strength while sellers are exerting their pressure.
Token Burn and ETF Filing Drive Momentum
Shibburn data confirms that token burns jumped by 1,993%, removing more than 10 million SHIB from circulation. This sharp supply reduction shows the community actively works to sustain higher value levels. The burn rate reflects growing belief that supply reduction drives future price appreciation.
HOURLY SHIB UPDATE$SHIB Price: $0.00001001 (1hr -0.19% ▼ | 24hr 2.15% ▲ )
Market Cap: $5,898,239,119 (2.13% ▲)
Total Supply: 589,247,217,415,267TOKENS BURNT
Past 24Hrs: 10,429,047 (1993.61% ▲)
Past 7 Days: 60,203,571 (-14.16% ▼)— Shibburn (@shibburn) November 1, 2025
Rowe Price recently submitted a filing for the first U.S. Shiba Inu ETF. The filing includes SHIB alongside Bitcoin, Ethereum, and Solana in the proposed fund. This development signals a growing institutional recognition of meme coins in traditional finance.
The ETF aims to outperform major crypto benchmarks, which could attract traditional investors into SHIB’s ecosystem. This positions Shiba Inu price among the top meme coins, advancing from speculation to legitimate financial products. The combination of ETF interest and token burning creates a narrative of scarcity meeting credibility.
On-chain participation has increased as holders maintain conviction in long-term value. Institutional awareness continues to grow as more traditional financial entities explore exposure to meme coins. These converging factors strengthen expectations for gradual price expansion if current momentum continues.
Recovery Targets Remain in Focus
The Shiba Inu price recovery maintains solid strength with the $0.00001760 target in sight. Buyers have sustained dominance and pushed steady liquidity toward higher valuation zones. The massive burn surge continues to drive renewed optimism across the market.
Growing conviction among holders supports the current upward trajectory for the Shiba Inu price. On-chain activity has increased as more participants engage with the SHIB ecosystem. Market participants are watching to see if bulls can clear key resistance levels in the coming sessions.
The combination of reduced supply and institutional interest provides dual support for price recovery. Shiba Inu price has defended its support zone multiple times over recent weeks. The asset appears positioned for a sustained recovery phase if current conditions persist.
