• Shiba Inu burn rate jumped 400%, signaling renewed community-driven supply reduction.
• Technical analysis shows potential 608% breakout if key resistance levels are surpassed.
• Strong weekly support near $0.00001293 fuels optimism for a major rally.

Shiba Inu’s SHIB stands at a thrilling crossroads. Traders sense electricity in the air as the meme coin flirts with a massive breakout. Analysts point to a potential 608% price surge after a dramatic spike in the burn rate. Within just 24 hours, the burn activity leapt nearly 400%, signaling renewed conviction among holders. Fresh technical signals show a tightening coil, hinting that Shiba Inu may soon spring higher like a compressed spring.

Breakout Signals Stir Market Excitement

Recently, SHIB defended a crucial weekly support near $0.00001293. That floor held firm, creating a sturdy base for a possible long-term reversal. Buyers returned with growing appetite, pushing prices toward a descending trendline that has stifled growth for nearly two years. If Shiba Inu breaks above resistance near $0.00003364, momentum could accelerate rapidly.

Analysts foresee the first target for SHIB at $0.00002263, a gain of more than 200%. A second target shines at $0.00004379, offering a 402% leap from current levels. Ambitious traders eye the 0.0000616 zone for a striking 608% climb. Some projections even whisper about 0.00007730, a level that would capture global attention. Market watchers compare the chart to a drawn bowstring.

Each quiet day tightens the line, making the eventual release more powerful. Weekly support remains the key guardian. A decisive close above resistance may ignite a rush of accumulation, while failure could extend the long consolidation. The Shiba Inu community adds fuel to this fire through relentless token burns. Their dedication slowly carves away the towering supply, shaping scarcity over time.

Burn Rate Surge Ignites Optimism

According to Shibburn data, more than 1.15 million SHIB tokens vanished in a single day. This spike pushed the daily burn rate up by nearly 397%. Only days earlier, burn activity slowed to a fraction of that pace, reflecting a cautious market mood. The turnaround feels dramatic. Over 410 trillion tokens have already disappeared from the original one quadrillion supply.

At press time, the remaining supply stood near 589.2 trillion. Each token burned acts like a spark in dry grass, strengthening belief in future scarcity. This surge in burning follows a week of broad market turbulence. A sharp sell-off triggered $1.7 billion in liquidations, briefly cooling enthusiasm. Yet Shiba Inu holders returned with renewed passion, proving the community’s resilience.

Traders now watch a narrow price range between $0.00001183 and $0.00001238, waiting for a decisive move. The atmosphere resembles a calm sea before a tempest. A confirmed breakout could signal the start of Shiba Inu’s next dramatic rally cycle, drawing fresh eyes and bold capital.

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