- SHIB forms bull flag and double-bottom patterns, eyeing $0.0000138 and $0.000025 breakout targets.
- SHIB burn rate spikes 12,833% with 75M tokens burned in a week, tightening supply pressure.
- Active addresses rise 27% as Shibarium TVL grows, boosting on-chain momentum for SHIB.
Shiba Inu (SHIB) is currently trading at $0.00001127 after defending key technical levels amid broader market volatility. Despite short-term losses, the token remains positioned within a bullish formation. Combined with surging burn rates and growing network activity, this setup suggests SHIB may be preparing for a breakout toward $0.0001 and beyond.
Bullish Chart Patterns and Price Action Build Case for Breakout
SHIB has experienced a seven-week descent before developing the bull flag on the 4-hour chart. The pattern generally occurs in the case of meaningful uptrends and denotes that further positive advancement can occur.
If confirmed, the target sits at $0.0000138, approximately 18% higher from the current level. The double-bottom formation on the daily timeframe also adds to the bullish case. This pattern formed near $0.00001025 and carries a neckline at $0.00001765.
If SHIB breaks above this neckline, the estimated price target is around $0.000025. Technical indicators, such as RSI and MACD, show bullish divergences, supporting the potential for a price move toward higher resistance zones between $0.000025 and $0.000032.
Burn Rate Spike and User Activity Strengthen Network Metrics
On-chain activity continues to support bullish momentum. According to data from Shibburn, over 13 million SHIB tokens were burned in the last 24 hours. This brought the 7-day burn total to 75 million, reflecting a 12,833% increase. Reduced supply, coupled with rising demand, adds pressure to the upside.
Santiment data shows SHIB’s daily active addresses surged by 27%, from 2,777 to 3,534, in the past day. This coincides with a growth in Shibarium’s TVL, which climbed from $1.77 million to $1.96 million. Crypto analyst Javon Marks reaffirmed a long-term target of $0.000081, citing a major resistance breakout and positioning $0.0001553 as a potential extended target.
According to an observation by Crypto Catalysts, SHIB has repeatedly rebounded from $0.0000115 support since March 2025. As long as SHIB holds above $0.00001025, the bullish setup remains valid and could support a sharp rally.
