Surge in Shiba Inu Burning Triggers Market Speculation: What’s the Impact?

Updated

April 22, 2025

Gambar Surge in Shiba Inu Burning Triggers Market Speculation: What’s the Impact?

Jakarta, Pintu News – A drastic 3,273% increase in the burn rate of Shiba Inu tokens over the past 24 hours, reaching more than 28.5 million tokens, has sparked renewed investor interest.

Currently, Shiba Inu (SHIB) is trading at $0.00001218, up 1.40% in the last 24 hours. This aggressive token burning activity is in line with SHIB’s efforts to recover from prolonged consolidation, while market behavior and network trends are beginning to reflect growing momentum.

Increased Use of Shiba Inu Network

On-chain data shows increased engagement in the Shiba Inu ecosystem. Active addresses have increased by 5.74% in the last week, signaling a significant increase in participation. Meanwhile, zero-balance addresses (ZBAs) increased by 31.11%, which is typically the result of token transfers, wallet consolidation, or burning activity, all leading to internal reversals.

Although new address growth fell by 8.57%, the turnover in the network reflects an increase in transaction volume rather than inactivity. These changes suggest that the SHIB ecosystem is preparing for a broader price response, rather than showing signs of withdrawal.

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Price Stuck at Resistance: Will Bulls Take Control?

Currently, the price is still trapped in a clear range between $0.00001106 and $0.00001290. SHIB seeks to solidify support above the middle Bollinger Band at $0.00001198, with near-term resistance seen at $0.00001262.

If it manages to break above $0.00001290, it will open up opportunities for a rally towards the $0.00001428 supply zone, while failure to cross this level could invite more movement within the same range. However, the bulls continue to defend the critical demand zone between $0.00001100 and $0.00001110, keeping the structure despite low volatility.

Preparing to Break Up?

Open Interest has increased by 7.05% to $125.57 million, highlighting the growing speculative appetite. The Long/Short ratio is 1.17 at the moment, with 54.06% of traders holding long positions-a gentle bullish slope that reflects growing optimism without being overexposed.

This behavior, when paired with a tightening price structure, often precedes impulsive moves. It seems that traders are gradually positioning themselves for an upward breakthrough while remaining wary of the short-term resistance present.

Conclusion

SHIB token burning activity, active wallet movement, and increased market participation suggest that momentum may be building below the surface. However, the price remains range-bound and must break above $0.00001290 to confirm a trend reversal.

If the bulls manage to turn this resistance into support, SHIB could move towards the next key level. Until then, this zone remains an area to watch-ready for volatility and waiting for confirmation.

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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.