SHIB Could Rally 1,700% if Key Resistance Breaks

SHIB News

Shiba Inu (SHIB), one of the most closely watched altcoin memes, has entered a long-term accumulation zone that could support a renewed expansion phase if its key resistance fails, according to market analyst Crypto Patel. The setup is conditional, not confirmed: Patel says a weekly close above $0.00000537, followed by a retest that turns the level into support, is the trigger needed to shift the token from repair to bullish structure. He does not argue that a new bull phase has already begun; he frames the move as a setup requiring confirmation on a higher timeframe, where intraday noise is filtered out. A weekly close is therefore the primary test, and a failure to hold the line after a breakout would leave the thesis incomplete. The projected payoff is unusually large. From the $0.000004 to $0.000005 accumulation band, the analyst’s final objective is $0.00008854, close to the token’s prior all-time high and roughly a 1,700% advance. Intermediate targets are $0.00000670, $0.000013, $0.000024 and $0.000038. Patel bases the thesis on two previous SHIB cycles: a 2021 accumulation phase that preceded a 1,636% run to $0.000088, and a later trendline break after the 2023-2024 correction that produced a 740% rebound to $0.000045. In the current structure, the token has completed about a 95% long-term drawdown, which the analyst reads as the end of a previous bear market rather than proof of a new uptrend. Supporting the accumulation argument, exchange-balance data referenced in the update showed nearly 500 billion SHIB leaving trading venues during the week, while leverage appeared lighter than in prior speculative phases. The caveat is usage. Shibarium, the ecosystem’s dedicated execution network, processed only 913 transactions in the latest daily snapshot, far below the millions seen during earlier activity bursts. That gap means the near-term trade remains dependent on liquidity and sentiment, not network demand, until the $0.00000537 line is decisively cleared.

The supply-side picture, however, has cooled sharply. On-chain burn records show that only 1.38 million SHIB were sent to unusable wallets over the latest 24 hours, a reduction of 87.63% from the previous day and roughly $7 in nominal value. That follows a much stronger session, when 17,464,058 SHIB were removed and the daily rate jumped 706%. The weekly numbers are also soft: 315.80 million SHIB were burned across seven days, down 69.94%, even though the 30-day tally remains elevated at 3.47 billion SHIB, a 1,351% increase from the prior month. Since inception, 21,473 burn transactions have removed 410,843,687,208,931 SHIB from the original 1 quadrillion supply. Over the last 30 days, the largest contributor was WoofSwap, an automated market maker in the Shiba ecosystem, which sent 3,081,392,109 SHIB to inaccessible addresses. Robinhood also participated, burning 154,315,629 SHIB during the same period. The slowdown arrived while derivatives positioning was similarly cautious: open-interest data showed SHIB futures exposure fell 5.03% to $43.51 million, suggesting less speculative leverage rather than an aggressive short or long build. On the development side, Shibarium’s documentation was expanded by 18 pages aimed at builders of consumer-facing applications. The updated material covers ERC-4337 gasless transactions through a Paymaster structure, a crypto payments API, hosted on-chain data endpoints and the ShibaSwap SDK. ERC-4337 is an Ethereum standard that enables smarter account behavior, while a Paymaster can cover transaction fees on behalf of users. Those additions do not change circulating supply directly, but they show the team is trying to strengthen the utility layer while burn momentum pauses. The contrast between the weak daily print and the strong monthly figure suggests supply removal has been episodic rather than constant. For a token with a very large circulating base, even substantial burns remain small relative to total supply unless they accelerate persistently. The documentation push may lower integration friction over time, but it does not offset the immediate weakness in the burn tape.

COINOTAG’s reading ties these threads to one arc: SHIB’s market structure is trying to turn from supply repair to accumulation, while its usage metrics remain too weak to confirm the move. The primary records are mixed. On-chain burn data shows only 1.38 million SHIB removed in the latest day, while exchange-balance data points to nearly 500 billion SHIB leaving venues. Shibarium’s expanded developer documentation shows an effort to improve tooling, but 913 daily transactions underline low current activity. With spot price down 3.3% over the past 24 hours, the $0.00000537 breakout remains the level that would align price, flows and sentiment.