TLDR
- Shiba Inu’s burn rate surged by over 340,000%, driving a significant decrease in circulating supply.
- Analysts are predicting a potential breakout with price targets ranging from 34% to 150% higher.
- Over 1.3 million Shiba Inu tokens were burned in just 24 hours, boosting the bullish outlook.
- Shiba Inu’s ecosystem shows signs of growth with increased transactions on the Shibarium layer-2 blockchain.
- Technical indicators suggest a cautious approach, with the RSI nearing overbought territory.
The Shiba Inu burn rate saw an extraordinary surge last week, increasing by over 340,000%. Analysts are now eyeing a potential breakout for the token. Despite recent struggles, Shiba Inu’s price closed 5% higher, signaling a shift toward renewed momentum.
Shiba Inu Burn Rate Surge Draws Attention
Shiba Inu’s burn rate exploded by 340,000% in just 24 hours, marking a significant shift. Over 1.3 million tokens were permanently destroyed during this period. As a result, the burn mechanism is driving a decrease in circulating supply, which could boost prices if demand continues to rise.
The burn rate surge has added to Shiba Inu’s bullish narrative. A reduced supply often creates upward price pressure. Analysts are optimistic that this trend could have a positive long-term impact on the price.
With a growing number of tokens being burned, the Shiba Inu ecosystem is gaining traction. The program aims to sustain this momentum, pushing the price upward. Many investors now see the burn rate as a critical factor for Shiba Inu’s future performance.
Analysts Expect Significant Breakout Amid Shiba Inu Burn
Carl Moon, a popular analyst, recently noted a horizontal triangle pattern on Shiba Inu’s daily chart. He suggested a potential 34% price increase, pushing the token to $0.0000403. “This pattern could signal the beginning of a strong rally,” Moon stated, encouraging further attention on the coin’s movement.
Javon Marks remains even more optimistic, predicting a 150% rise. He emphasized the possibility of a massive reversal, driving Shiba Inu toward $0.000032. Marks has maintained this bullish outlook, citing both the burn mechanism and increasing ecosystem activity as key catalysts.
$SHIB (Shiba Inu) CONFIRMS a BULLISH PATTERN in a Regular Bull Divergence with the MACD Histogram!
What this suggests is a major bullish reversal back to the upside which can consist of an over 163% move back into the $0.00003s and that may only be the start.
As prices continue… https://t.co/9knIszPr40 pic.twitter.com/iGwNoiP4H2
— JAVON⚡️MARKS (@JavonTM1) September 1, 2025
Other analysts, like Mark.eth and CryptoELITES, have shared bold predictions. Mark.eth claimed Shiba Inu could “make you rich” like no other altcoin. Meanwhile, CryptoELITES forecast a staggering 17x surge to $0.00023, which would set a new all-time high.
$SHIB: a potential horizontal triangle is forming on a daily timeframe.
🟨 Trade $SHIB on WEEX: https://t.co/9OSGqK8UTY 👉 Get 10-100 USDT Coupon by Binding Phone & Email – 100% Position Airdrop + FREE VIP 2 (25% Fee Discount) pic.twitter.com/3aRxo84qdD
— Carl Moon (@TheMoonCarl) September 7, 2025
Shiba Inu’s Ecosystem Gains Momentum
The Shiba Inu ecosystem continues to grow with the revival of its layer-2 blockchain, Shibarium. On September 6, daily transactions topped 1.2 million before slightly easing the following day. This increase in activity reflects a renewed interest in the Shiba Inu project.
Shibarium’s comeback further fuels optimism for the Shiba Inu token. With daily transactions on the rise, the network’s utility is becoming more evident. This resurgence in usage strengthens the case for Shiba Inu’s potential as a long-term investment.
Despite a strong burn rate and ecosystem growth, technical indicators suggest caution. The token’s Relative Strength Index (RSI) is nearing overbought territory, signaling the potential for a correction.
