Shiba Inu (SHIB), the prominent meme coin that has captivated the cryptocurrency community, has witnessed a rollercoaster ride of price fluctuations in recent months. Despite its remarkable ascent towards the close of 2024, the coin struggled to maintain momentum as 2025 began. This decline was especially apparent during the market crash on February 3, which saw SHIB’s price plummet to its lowest in four months. By early February, bullish forces managed to regain some levels, yet the asset remains significantly down over the past two weeks. Observers are keenly analyzing new indicators that signal a potential reversal in fortunes for SHIB.
The TD Sequential Indicator, widely respected in technical analysis circles, is now flashing a buy signal on SHIB’s weekly chart. This particular tool is designed to identify exhaustion points in price trends, hinting at possible reversals. Market analysts believe that this signal could suggest a rebound may be imminent for SHIB, making it an opportune moment for traders and investors alike to keep a close eye on its price movements.
Another factor potentially propelling SHIB higher is the dramatic increase in its burn rate, which spiked by nearly 400% within the last 24 hours. A staggering 16.5 million SHIB tokens were removed from circulation, sent to a “dead” address. While the financial implications of this burn may seem minimal at the present, sustained burning initiatives could lead to greater scarcity of the token, potentially enhancing its value over time. Since the inception of the burn program, approximately 410.7 trillion tokens have been burned from the initial supply, leaving about 584.3 trillion SHIB tokens currently in circulation. This ongoing strategy suggests that the community is actively working toward increasing the coin’s scarcity.
Additionally, an analysis of SHIB’s exchange netflow reveals a predominantly negative trend over the past month, as reported by industry analytics firm CryptoQuant. This trend signifies a movement away from centralized trading platforms and towards private wallets, a shift that could ultimately be bullish for SHIB. By reducing the immediate supply available on exchanges, the likelihood of selling pressure diminishes, providing a more favorable environment for price appreciation.
Looking ahead, predictions surrounding SHIB’s price trajectory vary among analysts. Based on an assessment by X user CryptoELITES, there are three sequential target prices: $0.000085171, $0.000183312, and $0.000472905. Achieving the latter could signify a staggering 2,800% increase from its current standing. This potential increase is further underscored by the belief that a decrease in Bitcoin’s (BTC) dominance may enable SHIB to capture increased market attention. As Bitcoin’s market influence wanes, meme coins like SHIB are expected to garner more investment interest.
While SHIB’s recent price action has posed challenges, indicators suggest that a rebound could be on the horizon. By leveraging technical indicators, a commitment to token burn initiatives, and favorable exchange dynamics, SHIB might well navigate its way back to positive territory in the coming weeks.
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