Shiba Inu Burn Rate Explodes 201,000% – Can SHIB Rally 142%?

• SHIB trades at $0.00001235 and forms a triangle pattern that could lead to a 142% price increase to $0.00003000. 

• The burn rate jumped over 201,000% in 24 hours, and 4.5 million tokens were destroyed. 

• Technical indicators and burn activity suggest SHIB may break higher soon.

Shiba Inu (SHIB) trades at $0.00001235, maintaining a position above crucial support levels while market participants monitor technical indicators for directional signals. The meme token exhibits consolidation behavior within a defined range, creating conditions that typically precede significant price movements.

Market analysis shows SHIB trapped within boundaries that have contained price action for several weeks. Trading volume remains steady as investors position themselves for the next major move. The current price level represents a critical juncture where technical and fundamental factors converge.

Technical Analysis Points to Symmetrical Triangle Formation

Chart patterns reveal SHIB forming a symmetrical triangle, with price action narrowing between converging trend lines. Resistance sits at $0.00001400, a level tested multiple times without a successful breakthrough. Support holds firm near $0.00001100, providing a floor for recent declines.

This compression pattern often indicates pending volatility expansion. Technical analysts identify the measured move target at $0.00003000, representing potential gains of 142% from current levels. The pattern suggests resolution approaches as the triangle apex nears completion.

Higher lows formation indicates accumulation pressure building beneath current prices. Liquidity clusters align with potential breakout zones, creating conditions favorable for upward momentum. Market structure supports the thesis that SHIB approaches a defining technical moment.

SHIB/USDT 1-Day Chart (Source: TradingView)

Massive Burn Rate Surge Captures Market Attention

SHIB burn mechanics experienced extraordinary activity with rates increasing by over 201,000% within 24 hours. Data from Shibburn confirms the destruction of 4.5 million tokens during this period, demonstrating renewed community engagement with deflationary mechanisms.

Exchange data reveals substantial SHIB holdings, with Bybit alone holding nearly three trillion tokens. This concentration indicates deep institutional and retail interest in the asset. Approximately 40% of the total supply has been permanently removed through burn addresses, enhancing scarcity narratives.

Historical patterns show a correlation between significant burn events and price appreciation. Market psychology responds positively to supply reduction, particularly when combined with technical setup conditions. The timing of this burn surge coincides with triangle pattern compression, amplifying potential catalyst effects.

Current market positioning suggests a higher probability of an upward breakout than downside scenarios. Multiple factors align to support the bullish case, including technical pattern maturity, burn rate acceleration, and exchange holding data.

Risk-reward metrics favor long positions at current levels, with defined support providing clear exit points for risk management. Momentum indicators show neutral to slightly positive readings, leaving room for expansion during breakout scenarios.