Shocking Prediction: Shiba Inu Set to Soar 422%? (10/3/25)

Jakarta, Pintu News – Shiba Inu (SHIB) is currently at a critical junction after experiencing a sharp decline from its peak in December. With prices struggling to hold key support, the market is debating whether SHIB will rebound or continue to slide. An in-depth analysis reveals several factors that could influence the next direction of this meme currency.

Shiba Inu Price Analysis: What to Expect?

Shiba Inu (SHIB) experienced a significant price drop, in line with the general decline in the meme currency market. After a strong start in March, both SHIB and Dogecoin (DOGE) experienced declines. This decline lowered Shiba Inu’s ranking in the market, reflecting broader weakness in the crypto sector.

Other meme coins such as Dogecoin (DOGE), Pepe Coin (PEPE), and several others also recorded notable price drops. This trend follows the broader market correction affecting digital assets. Shiba Inu’s price movements are in line with this sentiment, signaling uncertainty among traders.

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Potential Catalysts for SHIB Price Recovery

Despite the decline, there are several catalysts that could potentially push the SHIB price upwards. The most significant factor is the increase in the token burn rate. On March 8, the daily burn rate jumped by 3,250% to 29 million tokens. Since inception, over 410 trillion SHIB tokens have been removed from circulation, reducing the supply to 584 trillion.

This increased burn rate could be a positive signal for investors who see a reduction in supply as a way to increase the value per token. If this trend continues, SHIB may see an increase in demand which could push prices higher.

Predictions and Technical Indicators for SHIB

A crypto analyst reported that the price of SHIB may have broken out of a Falling Wedge pattern, indicating a potential price spike. If this momentum continues, the asset could experience significant gains, with projections reaching up to 422% gains, with a price target at $0.00008841.

Currently, the MACD indicator shows a negative trend with the MACD line being below the signal line. The histogram shows growing red bars, signaling selling pressure. If the MACD line fails to cross above the signal line, the downward movement may continue. Meanwhile, the RSI stands at 33, close to the oversold zone, indicating weak buying momentum.

Conclusion

With all these factors, Shiba Inu prices remain under pressure, struggling to hold key support. Analysts are watching mixed signals, with traders closely monitoring technical indicators. The market’s next move will determine whether SHIB will rebound or continue to decline.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Shiba Inu Price Battles Key Support: Will SHIB Rebound or Decline Further?. Accessed on March 10, 2025
• Featured Image: Coinpedia