Shiba Inu (SHIB) is experiencing a powerful resurgence, climbing 32% over the past month amid renewed investor enthusiasm and favorable macroeconomic developments. After months of sideways movement, the meme coin is regaining momentum, with key on-chain metrics, technical indicators, and broader market sentiment aligning to support further upside.
Trading at approximately $0.00001713, SHIB has broken out of its long-standing consolidation range, drawing increased attention from traders and analysts alike. The surge has propelled its 24-hour trading volume to $664 million and boosted its market capitalization to over $10 billion—securing its position as the 15th-largest cryptocurrency by market cap.
Market Sentiment Lifted by U.S.-China Trade Developments
A major catalyst behind the recent crypto rally, including Shiba Inu’s upward movement, is the improvement in global macroeconomic sentiment. Reports of a new trade agreement involving the United States have reignited investor confidence in risk-on assets.
Specifically, a 90-day tariff truce between the U.S. and China has eased long-standing trade tensions, encouraging capital inflows into volatile but high-potential markets like cryptocurrencies. This shift in sentiment has benefited not only Bitcoin and Ethereum but also high-beta altcoins such as SHIB.
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The renewed optimism has led to increased Open Interest across major derivatives markets. For SHIB, Open Interest currently stands at $263 million—an indicator that traders are actively positioning for continued volatility and potential price expansion.
Burn Rate Spike Fuels Scarcity Narrative
One of the most significant on-chain developments contributing to SHIB’s momentum was a dramatic spike in token burns last week. The Shiba Inu burn mechanism, which permanently removes tokens from circulation, directly impacts supply dynamics and can influence price by increasing scarcity.
Although the burn rate has recently dipped by 97.77%—with only 427,479 SHIB burned in the last 24 hours—the prior surge played a crucial role in shifting market psychology. Large-scale burns reduce the available circulating supply, often triggering speculative buying as investors anticipate tighter supply conditions.
Despite the short-term slowdown, the cumulative effect of consistent burning over time strengthens the long-term value proposition of SHIB. With community-driven burn campaigns and ecosystem growth initiatives ongoing, future spikes in deflationary activity remain likely.
Technical Indicators Signal Bullish Momentum
From a technical perspective, Shiba Inu is showing strong signs of bullish momentum. While short-term oscillators like the Relative Strength Index (RSI) and Stochastic remain neutral—suggesting the market isn’t yet overbought—other key indicators are flashing buy signals.
The Moving Average Convergence Divergence (MACD) has crossed into positive territory, indicating accelerating upward momentum. Similarly, the Momentum indicator confirms strengthening buying pressure.
More importantly, the 50-day and 200-day moving averages are now aligned in a golden cross formation—a classic bullish pattern that often precedes extended uptrends. This alignment suggests that longer-term sentiment is shifting positively, with buyers increasingly dominating market structure.
Traders are closely watching for a confirmed breakout above key resistance levels. If sustained buying continues, the path toward new highs could open rapidly.
Analyst Projects $0.000081 Breakout Target
Market analyst Javon Marks has identified strong potential for further gains in SHIB’s price trajectory. According to his analysis, the recent 30% rally may just be the beginning of a larger upward move.
Marks projects a conservative upside target of $0.000081—a 105% increase from current levels. More optimistically, he suggests that if bullish momentum holds and macro conditions remain supportive, SHIB could potentially rise fourfold in value over the coming months.
Such a move would place SHIB well above its previous all-time highs and re-establish it as one of the most dynamic players in the meme coin ecosystem.
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Why Open Interest Matters for SHIB’s Future
The sustained high Open Interest of $263 million reflects growing engagement in SHIB’s derivatives market. Elevated Open Interest during a price rise typically indicates that new money is entering the market rather than just short-term speculation.
This level of participation suggests that traders are not only betting on short-term volatility but are also building longer-term positions. As more institutional-grade trading tools become available, assets with deep liquidity and active futures markets—like SHIB—tend to attract sustained interest.
Additionally, high Open Interest increases market efficiency and reduces manipulation risks, making SHIB a more attractive option for serious investors.
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Frequently Asked Questions
Q: What caused Shiba Inu’s recent 32% price increase?
A: The surge was driven by improved global market sentiment following U.S.-China trade deal progress, increased trading volume, a spike in token burns, and rising Open Interest in derivatives markets.
Q: Is Shiba Inu’s burn rate still high?
A: While last week saw a significant spike in burns, the rate has declined by 97.77% in the past 24 hours. However, cumulative burns continue to reduce supply over time, supporting long-term value.
Q: What is the current Open Interest for SHIB?
A: As of the latest data, Open Interest for Shiba Inu stands at $263 million, signaling strong trader engagement and expectations of continued volatility.
Q: What is the predicted price target for SHIB?
A: Analysts project a breakout target of $0.000081, representing over 100% upside. Some forecasts suggest a possible fourfold increase if bullish momentum persists.
Q: How does technical analysis support SHIB’s upward trend?
A: Key indicators like MACD and Momentum show buy signals, while the 50-day and 200-day moving averages have formed a golden cross—both strong bullish patterns.
Q: Could global trade deals really affect cryptocurrency prices?
A: Yes. Trade agreements that reduce economic uncertainty boost investor risk appetite, often leading to capital inflows into speculative assets like cryptocurrencies.
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