After 1,993% Burn Spike, Is Shiba Inu Price Set for a Major Trend Reversal?

The Shiba Inu price is showing clear signs of building recovery momentum after weeks of muted activity. The SHIB price has recently attracted attention following a 1,993% surge in token burns, sparking optimism across the community. This impressive burn rate signals that holders are determined to reduce excess supply and strengthen long-term value. Meanwhile, price movements suggest growing interest from new buyers, hinting at a possible shift toward accumulation.

Falling Wedge Reversal Could Redefine SHIB Long-Term Price Prediction

The Shiba Inu price has spent months forming a falling wedge pattern that often leads to strong upside reversals. At the time of press, the Shiba Inu value trades at $0.00001011, reflecting a 2.33% daily increase. This pattern reveals tightening consolidation between declining highs and consistent lows, showing sellers are losing control gradually. 

Meanwhile, buyers have built a firm base near the $0.0000097 support zone, defending it multiple times through fresh inflows. These repeated retests show strong confidence that SHIB could soon transition from consolidation into recovery.

Notably, the next resistance levels at $0.0000111 and $0.0000129 will play a major role in defining direction. Clearing these barriers would invite new liquidity as investors look for confirmation of a trend reversal. The MFI indicator, currently at 68, supports this bullish expectation by revealing dominant capital inflows. 

If bulls achieve a breakout above the wedge’s upper line, a move toward $0.0000176 appears attainable. Therefore, this structure supports the SHIB long-term price prediction that anticipates a steady rebound extending into year-end.

Massive Burn Surge and ETF Filing Reinforce Shiba Inu’s Rise

The Shiba Inu price gained renewed strength following a 1,993% burn spike that eliminated more than 10 million tokens, according to Shibburn. This sharp drop in supply demonstrates the community’s active effort to sustain higher value levels for SHIB. It also reflects growing conviction that token burning remains a crucial driver of future price appreciation. 

Meanwhile, investor optimism deepened when T. Rowe Price filed for the first-ever U.S. Shiba Inu ETF. The filing includes SHIB alongside Bitcoin, Ethereum, and Solana, signaling rising institutional recognition for meme coins.

Furthermore, the ETF aims to outperform major crypto benchmarks, which could draw traditional investors into SHIB’s ecosystem. This development positions Shiba Inu among the top meme coins advancing from speculation to legitimate financial products. 

Together, the ETF and burn catalyst reinforce a broader narrative of scarcity meeting credibility. Consequently, the Shiba Inu price prediction now favors recovery potential, supported by improving on-chain participation and growing institutional awareness. 

These converging factors strengthen expectations of gradual price expansion toward $0.0000176 if momentum continues.

Will SHIB Hit $0.0000176?

The Shiba Inu price recovery shows solid strength, keeping the $0.0000176 target firmly in sight. The massive burn surge and ETF filing continue to drive renewed optimism across the market. Buyers maintain dominance, pushing steady liquidity toward higher valuation zones. With growing conviction among holders and increasing on-chain activity, the SHIB price is on a clear path toward achieving its projected target, signaling a confident and sustained recovery phase.