Shiba Inu (SHIB) Coin Price Prediction: SHIB Could Surge 450% If It Clears $0.00001

Shiba Inu coin seems to have attracted traders' attention, and it is not because the token has risen 2.22% since Feb. 23 despite a broader collapse in the memecoin sector.

Shiba Inu coin price saw a slight rebound on February 27, continuing to attract attention among traders despite the broader collapse in the memecoin sector.

The post Shiba Inu Price Edges Up As Traders Highlight 450% Surging Potential If $0.00001 Is Cleared—But Broader Memecoin Market Slides 59% Since Start of 2025 From Recent Highs

The post Shiba Inu Price Edges Up As Traders Highlight 450% Surging Potential If $0.00001 Is Cleared—But Broader Memecoin Market Slides 59% Since Start of 2025 From Recent Highs appeared first on CoinChapter.com, best cryptocurrency news aggregator.

Shiba Inu coin price showed signs of recovery on February 27, continuing to attract attention among traders despite the broader collapse in the memecoin sector.

The slight rebound saw SHIB forming a bullish falling wedge pattern on the charts, which could be setting up for a 106% price target if the technical formation plays out.

The memecoin market, however, saw further losses since the start of 2025, with memecoins losing nearly 59% of their value from recent highs, according to market data.

Once a driving force behind crypto rallies, these assets are coming under pressure due to declining retail participation, fading speculative interest, and broader macroeconomic concerns. The drop coincides with Bitcoin’s 8.3% correction and Ethereum’s 15% slide, reinforcing how fragile memecoins remain in volatile market conditions.

Yet, Shiba Inu coin is attempting to carve out an exception—at least for now. Unlike other struggling tokens, SHIB’s price action remains relatively stable, boosted by a hyper-engaged community that promotes every slight gain, ecosystem update, and token burn as a sign of long-term strength.

The question is whether this enthusiasm will translate into real value or if it’s just another speculative cycle playing out.

Traders Fuel Hype, But Shiba Inu Coin Burns Do Little To Reduce Supply

Despite the broader market downturn, Shiba Inu coin manages to maintain a constant presence on social media.

Traders are filling X with wild price predictions and celebratory posts, amplifying the token’s visibility and momentum. On February 27, several users pointed to SHIB’s recent gains as the beginning of a major rally.

One key narrative driving the hype is SHIB’s burn rate spike, which saw a 1,306% surge in 24 hours. The Shibburn X account noted that 30.15 million SHIB tokens were permanently removed from circulation, fueling speculation that a shrinking supply could drive prices higher.

However, the impact remains minimal. Considering that SHIB’s total circulating supply exceeds 410 trillion, at the current burn rate, it would take more than 36,000 years to reduce the supply by 99%.

But this fact isn’t stopping traders from celebrating every burn event. The Shibarmy continues to push the idea that SHIB’s deflationary model will eventually pay off, even as reality suggests otherwise.

This enthusiasm mirrors past speculative cycles, where social media hype played a bigger role than fundamentals in driving price swings.

Beyond burn rates, SHIB’s ecosystem growth is also fueling the narrative. Traders argue that expanding use cases validate SHIB’s long-term prospects, but whether casual gaming or bridges can meaningfully impact the token’s valuation is open to debate.

For now, the Shiba Inu coin price rally is feeding off momentum. But as history shows, hype has its limits—when sentiment shifts, SHIB price could once again find itself susceptible to the same volatility that has plagued memecoins in recent months.

SHIB Forms Bullish Falling Wedge Pattern

Shiba Inu coin’s price action has been taking shape within a falling wedge pattern, a bullish technical formation that usually signals an upcoming breakout.

The pattern is defined by two converging downward-sloping trendlines, with price making lower highs and lower lows before breaking out to the upside.

Falling wedges form when selling pressure is gradually decreasing, leading to tighter price action before a potential reversal. Unlike descending channels, which can indicate continued bearish momentum, falling wedges suggest that bulls are quietly regaining control. The narrowing range reflects declining volatility, with buyers stepping in at key support levels.

In SHIB’s case, the wedge pattern extends from its recent peak, consolidating lower before approaching a breakout point. The price appears to be nearing the pattern’s lower boundary, where a bounce is expected. A breakout above the upper trendline would confirm the bullish move, with a projected SHIB price target of $0.00003017, a 106% jump from current levels.

The price target calculation for a falling wedge