Shiba Inu Price Prediction: 60% Upside Potential Amid March 2025 Burn Rate Surge

Updated

March 17, 2025

Gambar Shiba Inu Price Prediction: 60% Upside Potential Amid March 2025 Burn Rate Surge

Jakarta, Pintu News – Shiba Inu is showing signs of recovery after experiencing a major correction in recent months. Its market capitalization fell from Rp326 trillion ($20 billion) to Rp123 trillion ($7.55 billion), following the weakening trend in the crypto market in general.

However, analysts believe that this correction phase is almost over. Several key indicators, including the 62,000% burn rate spike, bullish technical signals, and US monetary policy, suggest that SHIB could potentially experience a 60% price increase in the near future.

3 Factors Driving SHIB Price Increase

1. Burn Rate Surges: Supply Reduced, Prices Could Rise

The latest data from ShibBurn shows that Shiba Inu’s burn rate jumped 62,000% in the last 24 hours. This spike occurred after a user sent 460 million SHIB to a dead wallet address, reducing the number of coins in circulation.

Since its launch, more than 410 trillion SHIBs have been burned, leaving around 584 trillion coins in circulation. This reduction in supply could increase the value of SHIBs in the long run, especially if demand continues to rise.

Also Read: Ethereum Prediction: Recovery or Bearish Signal? Here’s the Mid-March 2025 Technical Analysis!

2. Impact of Fed Policy on Crypto Market

US monetary policy can also play a big role in SHIB price movements. The Federal Reserve is expected to maintain or even cut interest rates in response to the threat of recession.

History shows that cryptos, including Shiba Inu and Bitcoin , often experience price spikes during periods of monetary easing. If the Fed hints at a rate cut, investors may turn to riskier assets like cryptocurrencies, which could push SHIB prices higher.

3. Technical Indicators Show Bullish Pattern

From a technical perspective, Shiba Inu is currently forming a falling wedge pattern, which is often the first sign of an upward price reversal. Two downward trend lines have converged around IDR205 ($0.00001260), which coincides with SHIB’s July, August, and September 2024 lows.

In addition, the Relative Strength Index (RSI) has broken out of the downtrend line that previously held the price movement since December. The Percentage Price Oscillator (PPO) indicator also confirmed a bullish crossover, indicating stronger upward momentum.

Given these factors, the next psychological target for SHIB is IDR325 ($0.000020), which means a potential upside of about 60% from current levels.

Conclusion: Is it Time to Buy SHIB?

Shiba Inu is showing signs of recovery with support from various fundamental and technical factors. If the burn rate remains high and the Fed issues policies favorable to the crypto market, SHIB could experience significant gains in the near future.

However, investors should remain cautious as volatility in the crypto market is still high. The key levels to watch are IDR205 as the main support and IDR325 as the next upside target. If SHIB manages to cross these levels, a larger potential rally could occur.

Also Read: XRP Predictions and Impact on Crypto Market: 8% Drop After Positive Trend March 2025

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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.