Shiba Inu Price Could Reach $0.000016 After Record 108,000% Burn

Jakarta, Pintu News – Shiba Inu (SHIB) prices are attracting attention again after a spike in the burn rate to a record 108,000%, indicating that investor activity is picking up again.

The meme token recorded a 60% rebound from its recent low, reflecting strong buying interest around critical support levels. Despite recent volatility, SHIB’s technical structure shows signs of recovery as buyers regain control.

Meanwhile, improved on-chain signaling and broader market strength could reinforce bullish sentiment. However, investors remain cautious as SHIB seeks to establish stability before a possible breakout occurs.

Shiba Inu Price Recovery Increases Toward Key Resistance Levels

At the time of writing, the price of SHIB is trading at $0.00000988, signaling a consistent recovery from the October low which was around $0.0000088. The price bounced sharply from the descending support line, forming a potential bullish reversal pattern.

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Moreover, the recent price surge suggests that buyers are steadily absorbing selling pressure around this zone. The chart shows the next resistance levels at $0.0000110 and $0.0000129, which could determine the short-term direction.

A decisive move above this threshold could unlock a potential 60% rally towards $0.000016, reinforcing optimism towards Shiba Inu’s price outlook. Moreover, staying above the upside path could confirm this structural recovery phase.

Indicators Show Strength in SHIB Price Outlook

The RSI and MACD readings support increasing strength in SHIB’s price movement. The RSI has risen to 48, slowly recovering from the oversold area and approaching the balance region. This indicates a steady return of buyers, reducing the previous selling dominance in the chart.

Additionally, the MACD line has crossed above the signal line, indicating an initial bullish divergence along with the histogram turning green. This transition often signals a broader trend reversal, which could continue into the coming weeks.

Hence, the improving momentum across these indicators in line with SHIB’s favorable long-term outlook, suggests a potential continuation towards higher resistance zones.

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Surge in Shiba Inu Burn Rate Sparks New Optimism

The Shiba Inu ecosystem recorded an incredible spike of 108,495% in burn activity, with over 184 million tokens destroyed in the last 24 hours, according to Shibburn. This remarkable increase demonstrates the community’s growing participation and aggressive efforts in supply reduction.

Accelerated burning like this can positively affect price dynamics by tightening circulating supply and increasing visible scarcity. Meanwhile, consistent burning at this level could help support the ongoing recovery phase and attract more market confidence.

Interestingly, an expert recently predicted a 200% surge in Shiba Inu’s price, citing the underlying deflationary forces of this trend. As a result, this remarkable burn rate spike reinforces the bullish basis around Shiba Inu’s price as the token seeks to reach a potential target above $0.000016.

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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. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. After a 108,000 Burn Spike, Will Shiba Inu Price Hit $0.000016 Next? Accessed on November 13, 2025