Can Shiba Inu Soar 503%? Analyst Reveals SHIB’s Great Potential

Jakarta, Pintu News – Shiba Inu (SHIB) appears to be gearing up for a major surge, according to crypto analyst Jasom Marks in a recent post on X. Marks highlighted that SHIB is in a large Inverse Head & Shoulders pattern and has entered its final phase. This indicates that the price could surge soon.

Bullish Pattern and Upside Potential

Jasom Marks pointed out that Shiba Inu (SHIB) is still holding within a large Inverse Head & Shoulders pattern. Currently, the price seems to be on the last shoulder of the pattern, which signals a possible price surge. If this pattern is confirmed, SHIB could surge by over 503% towards the first target at $0.000081.

This pattern, although technical in nature, is supported by market data that shows the potential for strong movement. SHIB derivatives trading volume has increased by 4.88%, reaching $123.81 million. Meanwhile, Open Interest, which measures the total number of unsettled SHIB contracts, rose by 4.20%, reaching $163.64 million. This increase usually signals growing market interest and momentum.

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Token Burning Mechanism and Its Impact

The burn rate of SHIB tokens has jumped dramatically. According to data from Shibburn, over 39.49 million SHIB tokens have been permanently removed from circulation in the last 24 hours, an increase of 2408.42%. This burning mechanism helps to reduce supply over time, potentially increasing the value of the remaining tokens if demand continues to rise.

The Shiba Inu development team is reportedly working on a new, more powerful token burning mechanism, which could potentially burn trillions of SHIB every year. Previous large-scale burns have had a significant impact on the price of SHIB, such as in 2021 when developers sent 500 trillion SHIB to Vitalik Buterin, co-founder of Ethereum (ETH). Buterin then burned 410 trillion of those tokens, which helped push SHIB to an all-time high.

Technical Upgrading and Community Empowerment

The Shibarium network is gearing up for a technical upgrade aimed at increasing decentralization. Once implemented, developers and users will be able to run their own Shibarium nodes. This means the network will remain operational even if public endpoints go offline, laying the foundation for a more resilient and truly decentralized ecosystem.

On the governance side, the team has also introduced ShibDAO, a new platform designed to give the community more control over the direction of the project. Members of the Shiba Inu community, or Shibizens, will be able to vote on important decisions using SHIB, BONE, LEASH, or TREAT tokens. This move signals a shift away from closed decisions, putting real power in the hands of the community.

Conclusion

With all technical and fundamental indicators showing great potential, Shiba Inu (SHIB) may be ready to surge. Market watchers and investors will be keeping a close eye to see if these bullish predictions will materialize, taking SHIB to new price levels.

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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. Crypto trading activities are subject to 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

• Crypto News Flash. Can Shiba Inu Soar 503%? Analyst Outlines the Bullish Case for SHIB. Accessed on June 4, 2025
• Featured Image: Generated by AI