- Shiba Inu (SHIB) has surged 27% in the past month, driven by a recent trade deal and a massive spike in its burn rate.
- Analysts predict a potential 105% rally, with technical indicators supporting bullish momentum.
Shiba Inu (SHIB) has recently caught the attention of the crypto market, surging in value and drawing the interest of both traders and analysts alike. After a period of relative stagnation in 2025, the popular memecoin has shown signs of life, bouncing back with a significant rise in price. Trading at $0.00001652, SHIB has gained 2.5% in the past 24 hours, pushing its 24-hour trading volume to an impressive $530 million. This surge has brought its market capitalization close to $10 billion, placing SHIB in the 17th spot among all cryptocurrencies. In the past month alone, it has increased by 27%, reigniting hope for further bullish momentum.
The primary catalyst behind ShibaInu‘s recent uptick can be traced to a new trade deal announced by President Trump, which has helped bolster overall market sentiment. Along with this, the burn rate for SHIB has spiked dramatically, rising by 234,584% on May 11th, with 19 million SHIB tokens being burned. This burn event has contributed significantly to upward price pressure, as fewer tokens in circulation can lead to increased demand.
Also read: Cardano Enhances Bitcoin and XRP Value, Claims Charles Hoskinson
In addition to the burn surge, Shiba Inu’s technical indicators are flashing bullish signs. According to data from TradingView, while the Relative Strength Index (RSI) and Stochastic indicators are neutral, the Momentum and Moving Average Convergence Divergence (MACD) indicators are both signaling strong buy momentum. Key moving averages are also showing buy trends, reinforcing the idea that SHIB could continue its upward trajectory.
Analyst Javon Marks has highlighted the recent price movement as a sign of things to come. Having already bounced back nearly 30%, Marks anticipates a potential 105% rally, with a breakout target of $0.000081. In fact, he believes SHIB could even increase up to four times its current value in the coming months.
Not just analysts are weighing in—NBA legend Scottie Pippen has also expressed his belief that the altcoin season is underway. He expects Shiba Inu to be one of the top-performing altcoins this season, joining other strong contenders like Ethereum (ETH), XRP, Solana (SOL), Cardano (ADA), Dogecoin (DOGE), and MOG.
With momentum building, Shiba Inu’s next moves are eagerly awaited as investors and traders alike look to capitalize on its potential breakout.