The PB (B) A 12% of the 16%.

Shiba Inu (SHIB) has seen a remarkable price surge over the past week, climbing 16% to reach $0.00001553. This rally comes amid a sharp increase in trading volume and an unprecedented spike in the token's burn rate, which has reduced the overall supply of SHIB tokens in circulation.

Shiba Inu (SHIB) has seen a remarkable price surge over the past week, gaining 16% to reach $0.00001553. This rally comes amid a sharp increase in trading volume and an unprecedented spike in the token’s burn rate, which has seen over 1 billion SHIB tokens removed from the total supply in a 24-hour period.

Shiboun Shibun shared the news on Twitter, highlighting the staggering rise in the SHIB burn rate.

Unbelievable numbers! 60,000% increase in the 24hr SHIB burn rate.

Over 1,000,000,000 SHIBs burnt in the past 24hr!

Over 1,000,000,000 SHIBs burnt in the past 24hr!

pic.twitter.com/i3V8q8Q77I

pic.twitter.com/i3V8q8Q77I

— Shiboun Shibun (@ShibounShibun) March 25, 2025

The token burn rate has shot up by 60,000%, resulting in more than 1 billion coins being permanently removed from circulation.

This activity is crucial as it reduces the circulating supply of the token. With demand remaining relatively stable, a decrease in supply can help push prices upward.

Further analysis from Token Terminal shows that trading volume for SHIB has also seen a major boost. Over the past 30 days, volume has grown by 228%. This increase in market activity suggests higher levels of trader interest and participation in SHIB markets.

Moreover, futures market activity for SHIB indicates growing trader confidence. Open interest in SHIB futures has jumped by 30%, reaching over $166 million. The long-to-short ratio has hit 1.08, indicating more traders are betting on price increases.

Shiba Inu Price Analysis: Key Levels to Watch

Technical indicators are also pointing toward continued bullish momentum. The Relative Strength Index (RSI) stands at around 64, showing strong upward momentum without yet reaching extremely overbought territory.

The MACD indicator has formed a bullish crossover, suggesting further upward movement may be likely. Chart patterns are forming that some analysts interpret as positive signals.

One crypto analyst identified a descending channel pattern, noting that a breakout above the upper trendline could cement chances for a bull run with potential 2x gains. Others have pointed to a cup-and-handle formation since SHIB’s all-time high in October 2021.

For SHIB to continue its upward trajectory, it needs to break through the resistance level at $0.2341. If successful, prices could move toward $0.2606, with $0.3306 being the next major target.

Support exists at $0.2093, which is considered crucial for maintaining the current bullish momentum. As long as SHIB stays above this level, another breakout attempt remains possible.

Looking ahead to 2025, price predictions suggest SHIB may trade between $0.134 and $0.297 by March 2025. By December 2025, estimates range from $0.193 to $0.243, representing a potential 42.9% return on investment from current levels.

The 2026 outlook appears even more optimistic. Predictions for SHIB in 2026 suggest a price range between $0.5489 and $0.8854, which would represent an impressive 485% ROI from today’s prices.

Shibarium Network Adoption Grows

Beyond price action, ecosystem growth plays an important role in SHIB’s future prospects. The Shibarium network has shown signs of increasing adoption, with its total block count exceeding 10 million. ShibaSwap 2.0, Shibarium’s decentralized exchange, has contributed to improved market participation.

These ecosystem developments are positioning SHIB as more than just a meme coin. The expansion of DeFi capabilities, gaming applications, and payment systems could drive actual utility and mass adoption for the token.

On a daily timeframe, Shiba Inu is trading above the 200-day Simple Moving Average (SMA), which often provides support during bear markets and resistance during bull markets.

Moreover, the Relative Strength Index (RSI) on the 14-day timeframe is approaching the overbought zone, indicating strong buying pressure.

However, if the price faces rejection at the current levels and pulls back, it could find support at the 50-day SMA, which is commonly used to identify the intermediate-term trend.

Many crypto analysts remain optimistic about SHIB’s long-term potential. As the token continues to develop practical applications and maintains its token-burning strategy, the reduced supply could drive price appreciation over time.