- SHIB volume jumps 56% as support at $0.000011 holds
- Traders target $0.0000125 in possible SHIB breakout
- Burn rate slows, but 88% of holders stay bullish
Shiba Inu (SHIB) continues to hover near its critical support level of $0.000011 after posting a 12% price recovery. With the current price action and renewed trading activity, the meme token is holding in a zone many traders now consider a strong buy. As SHIB defends against further downside, speculation is rising about the potential for a breakout rally—possibly one that could see a long-term 14x return.
SHIB Price Holds as Buyers Respond to Key Support
After falling toward $0.000010 earlier this week, SHIB attracted renewed demand, bouncing back by more than 12%. The move followed broad market strength and positive sentiment from a revised U.S. tariff policy.
Analysts now say the $0.000011 level is acting as strong support. If it holds, SHIB could push toward $0.0000125 and beyond.Technical data shows that SHIB is currently trading within a resistance zone between $0.000011 and $0.000014. According to TradingView indicators, the token is trying to break through the $0.00001202 Bollinger Band.
However, the True Strength Index remains in negative territory, signaling weak short-term momentum.While there are signs of price recovery, SHIB’s current levels are still well below past highs. The coin’s ability to stay above support will be key in determining the direction of the next move.
On-Chain Activity Steady Despite Rising Volume
Trading volume for SHIB increased by 56% within 24 hours, according to CoinMarketCap. This surge came alongside a 12.84% price rise, suggesting a potential build-up of buyer interest. Whale activity and renewed retail demand could be supporting this uptick.
Despite the price movement, on-chain metrics remain flat. The daily burn rate rose only 10.87%, with just 18.9 million tokens destroyed. Weekly burn activity also dropped by over 80%, reflecting limited reduction in circulating supply.
While the deflationary effort is slowing, social sentiment remains bullish. With 88% of SHIB holders still confident, traders are watching to see whether current conditions will lead to a major breakout—or just a short-lived rally.
