SHIB has recovered with a 5% gain in the past 7 days as the crypto market seems to have recovered its senses. Millions of tokens were burned last week as well, favoring a bullish Shiba Inu price prediction.
In the past 24 hours, SHIB has jumped by 1.7%, above the $0.000010 mark. Meanwhile, trading volumes have increased by 14% to $160 million, accounting for nearly 3% of the token’s market cap.
Data from Shibburn, a website that tracks Shiba Inu’s automatic token burns, indicates that, in the past 7 days alone, 32.3 million tokens have been taken out of circulation forever.
Although this represents a small percentage of the token’s circulating supply, it reflects that trading and network activity has been rising.
Since the year started, SHIB has lost 52% of its value as the market. Nonetheless, Shiba Inu has one of the strongest communities in the meme coin space. Once altcoin season resumes, it could be one of the first tokens to benefit from a wave of positive momentum.
Shiba Inu Price Prediction: 110% Gain Ahead If SHIB Breaks Out Of Its Price Channel
The daily chart shows that SHIB just bounced off a key trend line support. This could mark the start of the token’s net leg up, as it eyes the 200-day exponential moving average (EMA).
This EMA coincides with the upper bound of Shiba Inu’s trend line resistance, increasing its relevance from a technical standpoint.
If the price rises above this level, we could witness a strong move toward $0.00001650 first, and then to $0.000021, meaning a total upside potential of 110%.
Moreover, if altcoin season kicks off again, we could expect a retest of the $0.000030 area that the token hit back in December.
Although the top meme coins have lost their shine lately, early crypto presales like Maxi Doge ($MAXI), have kept attracting investors.
With exchange listings coming soon, now could be a great time to get involved.
Maxi Doge ($MAXI) Aims to Build a Community of Risk-Taking ‘Degens’
Maxi Doge ($MAXI) is a new Ethereum-based meme coin that creates a social hub for traders to share setups, flex wins, and compete in viral contests.
It blends the hype of Doge with the energy of retail speculation, offering a space where users can swap ideas, spot trends early, and climb leaderboards through bold, high-reward plays.
From trading competitions to meme-fueled community events, $MAXI is building a tribe of traders who treat the market like a game worth winning.
The project gamifies trading with weekly challenges like Max Gains and Max Ripped, rewarding top ROI hunters with prizes and recognition.
In addition, it will invest 25% of the presale’s proceeds in top meme coins and use the gains to finance additional marketing efforts.
As cryptos recover, $MAXI could hit full send once its presale ends and listings start.
To buy $MAXI and join the pump, visit the Maxi Doge official website, and connect your wallet (e.g., Best Wallet).
You can swap USDT or ETH to complete the transaction or use a traditional bank card instead.
The post Shiba Inu Price Prediction: 32 Million SHIB Burned – What Needs to Happen Next for SHIB to Explode? appeared first on Cryptonews.