Shiba Inu (SHIB) Could Jump Right Back Up This Year as Burn Rate Surges and ShibOS Launches

A surge in burn rate is seen as positive by Shiba Inu investors as it reduces the total supply, boosting demand and ultimately the price

Shiba Inu (CRYPTO: SHIB) investors may be seeing red after another round of massive token burns, but the meme coin is actually rallying into the weekend.

Shiba Inu price today: SHIB is trading higher by 1.87% during the past 24 hours of trading.

Shiba Inu price chart: Looking at the SHIB price chart, traders and investors will notice a clear downtrend in the meme coin over the past couple of weeks.

During this time frame, SHIB has plunged by nearly 20%, reaching lows of $0.00009. However, the meme coin has recovered significantly from these lows and is now attempting to reclaim the key level of $0.00011.

Shiba Inu price analysis: A closer look at the SHIB price chart shows that the meme coin has been trading within a descending triangle pattern over the past few days.

This technical pattern is formed by connecting lower highs and a flat support level, and it usually indicates bearish momentum.

However, a breakout from the pattern to the upside is possible, especially if there is a strong buying pressure.

Shiba Inu price prediction: A breakout from the descending triangle pattern could see SHIB rally towards the $0.00012 price level.

This level has acted as resistance for the meme coin in the past and could once again limit its upside potential.

On the other hand, a failure to break out from the pattern could see SHIB continue lower towards the pattern lows at $0.00009.

Shiba Inu price key levels to watch: The total supply of Shiba Inu has declined by more than 1.0 billion over the past 24 hours, creating a more favorable supply-demand dynamic to attract new investors.

Meanwhile, the meme coin is also burning through a large amount of tokens each day, which is another factor that could be boosting demand for SHIB among investors.

Shiba Inu price today is up as the meme coin community continues to rally behind the token.

After launching the Shibarium beta last week, the community has also rolled out the ShibOS, an operating system that aims to bridge the gap between Web2 and Web3.

ShibOS enables gasless transactions and NFT collection creation, boosting the overall functionality of the Shiba Inu ecosystem.

This development bodes well for SHIB in the long run, increasing its appeal among both users and developers alike.

Shiba Inu price bullish from Fed pause: Cryptocurrencies including SHIB are rallying today despite the Fed’s decision to pause rate cuts.

This is interesting because lower interest rates often serve as a tailwind for digital assets.

But continued momentum in the crypto market today suggests it has matured to the extent where minor setbacks are no longer sufficient to trigger a sharp sell-off.

Investors may now be focused more on the potential of cryptocurrencies to reshape finance as we know it – than what the global central banks are doing with interest rates.

Shiba Inu price technicals bullish: A look at the SHIB technicals shows that the meme coin is trading within a bullish zone on the ultimate oscillator.

The oscillator is currently reading a value of 57, indicating that SHIB is neither overbought nor oversold.

This reading suggests that there is still room for the meme coin to rally higher in the coming days and weeks.

Additionally, the 5-day and 10-day moving averages are both trading just underneath the current SHIB price, which could provide support for the meme coin as it attempts to rally higher.

Shiba Inu price prediction 2025: Marks sees potential for an explosive rally in SHIB to $0.000081 this year, presenting a potential upside of more than 350% from current levels.

Shiba Inu price real-life use cases for further rally: Finally, it’s the real-life use cases that could help Shiba Inu rally further in 2025.

SHIB is already accepted as a means of payment at several stores like Newegg and GameStop. Even luxury brands like Gucci accept Shiba Inu at 70% of its retail stores.

More recently, the meme coin has teamed up with Oogwai and Zama, reiterating that its devs are fully committed to expanding the token’s real-life utility in all walks of life.