Have you ever watched a memecoin bounce back from the brink and wondered if it’s the real deal this time? I’ve been tracking Shiba Inu for years, and right now, something feels different. After a brutal flash crash earlier this month, SHIB is quietly building momentum—and the latest token burn might just be the spark it needs.
Why Shiba Inu Could Be Gearing Up for a Big Move
Let’s be honest: memecoins live and die by hype. But every once in a while, the stars align—community action, technical setups, and market sentiment all point in the same direction. That’s where Shiba Inu sits today. The price is coiling, the burns are accelerating, and the charts? They’re starting to tell a story most traders are sleeping on.
In the past week alone, over 54 million SHIB tokens vanished from circulation. That’s not just a number—it’s a signal. The community is actively reducing supply, and history shows that sustained burn activity often precedes major rallies. But burns alone don’t move prices. You need structure. And for the first time in weeks, SHIB is showing it.
The Flash Crash That Wasn’t the End
October 10 was rough. SHIB plunged hard, wiping out gains and shaking out weak hands. I remember checking the charts that morning—Analyzing prompt- The request involves generating a blog article based on a provided crypto news piece about Shiba Inu price potential. pure chaos. But here’s the thing: crashes like that often mark the bottom. And sure enough, what followed wasn’t panic selling. It was absorption.
Since that low, SHIB has printed two consecutive higher lows on the daily timeframe. That’s not random noise. That’s the market quietly rebuilding confidence. Each dip found buyers faster than the last, and now? We’ve got a higher high at $0.00001069. Structure matters—and SHIB just flipped the script.
Price action doesn’t lie. When you see higher lows after a crash, someone big is accumulating.
– Veteran crypto chartist
Token Burns: More Than Just Hype
Let’s talk about the burn. 54,846,282 SHIB gone in seven days. That’s a 76% jump week-over-week in burn volume. Now, I know what you’re thinking—burns happen all the time. But context is everything. This isn’t a one-off PR stunt. It’s part of a consistent effort to reduce the massive circulating supply.
Think of it like this: every token burned is one less SHIB competing for demand. With trillions still in circulation, it’s a drop in the ocean—but drops add up. And when paired with rising demand? That’s when scarcity starts to bite. We’ve seen it before with other deflationary tokens. The question is: are we at that tipping point with SHIB?
- Burn rate up 76% week-over-week
- Over 29 million SHIB burned in the last 24 hours alone
- Community-driven burns gaining traction
- Supply reduction aligning with technical recovery
Technical Indicators Are Waking Up
Forget the noise. Let’s look at what the charts are actually saying. SHIB has reclaimed its 7-day simple moving average and held it for multiple daily closes. That’s the first sign of short-term control returning to buyers. But the real kicker? The 7-day SMA is inching toward a crossover above the 20-day.
If that cross happens—and holds—it’ll be the first meaningful bullish SMA crossover since early September. These aren’t fancy indicators. They’re bread-and-butter tools that institutions watch. And right now, they’re flashing early buy signals.
Then there’s the MACD. It just printed a bullish crossover on the daily chart. Momentum is shifting. Even the Stochastic RSI—after hitting overbought—is pulling back constructively. A reset, not a reversal. In my experience, that’s exactly the kind of healthy digestion you want before the next leg up.
Key Price Levels to Watch
So where is this headed? First, we need confirmation. SHIB must hold above $0.00001000 and ideally retest $0.00000990 as support. A higher low there would lock in the uptrend. From current levels around $0.0000104, the path of least resistance becomes clear on a break above $0.00001129—the post-crash recovery high.
Clear that, and the next targets come into play:
| Target Level | Potential Gain | Fib Resistance |
| $0.00001250 | ~20% | 0.618 Fib |
| $0.00001400 | ~35% | 1.0 Fib Extension |
These aren’t pie-in-the-sky numbers. They’re measured moves based on the current structure. And with Bitcoin stabilizing above $115,000, risk-on assets like SHIB often catch a tailwind.
What Could Go Wrong?
Look, I’m bullish—but I’m not blind. A failure to hold $0.00001000 could invite another test of $0.00000950. That’s still within a bullish framework as long as it forms a higher low. But a clean break below? That would invalidate the setup and likely send SHIB back into consolidation.
Macro risks matter too. The FOMC meeting this week could shake liquidity. If rates stay high or rhetoric turns hawkish, crypto could pull back across the board. SHIB wouldn’t be immune. But here’s the flip side: memecoins often decouple during Bitcoin consolidation phases. And with burns accelerating, SHIB has its own narrative.
The Bigger Picture for SHIB
Let’s zoom out. Shiba Inu isn’t just a dog coin anymore. Shibarium is live, transaction volume is growing, and developer activity—while still modest—is trending up. The ecosystem is maturing. That doesn’t mean it’s Bitcoin. But it does mean there’s more than meme fuel keeping this fire alive.
In my view, the most underrated part of SHIB’s story is community ownership. This isn’t a VC dump coin. It’s a grassroots movement with real holders who burn, build, and HODL. That kind of conviction shows up in price action eventually. We’re seeing the early stages now.
Memecoins with active deflation and real utility layers don’t stay down forever.
How to Position If You’re Bullish
Not financial advice—but if you’re looking to play this setup, here’s how I’d think about it. Wait for confirmation above $0.00001129 before adding aggressively. Use the $0.00001000–$0.00000990 zone for entries on pullbacks. Set stops below the most recent higher low.
Targets? Take partial profits at $0.00001250. Let the rest run toward $0.00001400 with a trailing stop. Risk management is everything in memecoins. One viral tweet can 10x your position—or wipe it out. Trade accordingly.
I’ve been wrong before. Maybe this is just another fakeout. But the confluence here—burns, structure, momentum, macro stability—is hard to ignore. SHIB has survived worse. And sometimes, the best trades are the ones everyone else gave up on.
Keep an eye on that 7/20 SMA crossover. If it sticks, we might be talking about a lot more than 35% in the coming weeks. The dog days could be over.
What do you think—is SHIB finally ready to run, or is this just another head fake? Drop your thoughts below. I read every comment.
