Shiba Inu (SHIB) is showing early signs of a potential recovery after weeks of quiet trading. The meme-inspired cryptocurrency recently made headlines following a massive 1,993% surge in token burns, sparking renewed optimism among investors and traders.
According to Shibburn, over 10 million SHIB tokens were permanently removed from circulation in the latest burn event. This sharp reduction in supply reflects the community’s continued efforts to strengthen long-term value and combat inflationary pressure on the token.
Technical Structure Hints at a Bullish Reversal
For months, Shiba Inu’s price action has formed a falling wedge pattern — a structure often signaling a strong upside breakout. As of writing, SHIB trades at $0.00001011, marking a 2.33% daily increase and showing a gradual shift in market momentum.
The pattern reveals tightening consolidation between lower highs and stable lows, suggesting that selling pressure is fading. Meanwhile, the $0.0000097 support zone continues to hold firm, with buyers repeatedly defending it — an encouraging signal for potential recovery.
If SHIB clears the next resistance barriers at $0.0000111 and $0.0000129, new liquidity could flow in as traders confirm a trend reversal. The Money Flow Index (MFI) currently sits at 68, indicating strong capital inflows and supporting the bullish outlook.
A decisive breakout above the wedge’s upper boundary could push SHIB toward the $0.0000176 level — a target aligning with analysts’ long-term projections for a sustained rebound into year-end.
ETF Filing and Burn Momentum Drive Renewed Confidence
Beyond technical indicators, fundamental developments are fueling SHIB’s bullish narrative. The 1,993% burn spike has strengthened confidence in Shiba Inu’s deflationary strategy, but the momentum didn’t stop there.
Investment giant T. Rowe Price recently filed for the first-ever U.S. Shiba Inu ETF, listing SHIB alongside heavyweights such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The move signals a growing recognition of meme coins in institutional circles — a milestone that could attract new classes of investors.
This ETF seeks to outperform major crypto benchmarks, potentially inviting traditional investors into SHIB’s expanding ecosystem. Combined with the ongoing burn effort, these factors paint a narrative of scarcity meeting credibility — two critical drivers of long-term value growth.
Will SHIB Hit $0.0000176 Soon?
The convergence of technical strength, community-driven burns, and institutional attention gives SHIB a clear upward trajectory. Buyers maintain steady control, reinforcing liquidity flows into higher valuation zones.
If momentum continues, Shiba Inu could realistically approach the $0.0000176 target, marking one of its strongest recovery phases of 2025. With growing on-chain participation and strategic milestones like the ETF filing, SHIB appears to be transitioning from a speculative meme asset into a maturing crypto project with tangible investor confidence.