Recent On-Chain Developments & Market‐Driver Highlights
Over the last few weeks, Shiba Inu has been catching some serious tailwinds thanks to three major factors: a massive surge in token burns, shrinking supply on exchanges, and heavy buying from whales. The burn rate absolutely exploded—we’re talking over 10,000% in some periods—with one day alone seeing roughly 173 million tokens torched. That’s creating real deflationary pressure that’s getting investors excited. At the same time, around 200 billion SHIB tokens have been pulled off centralized exchanges, which is typically a sign that holders are in it for the long haul and aren’t planning to sell anytime soon.
Price-wise, SHIB has been bouncing around some pretty important levels. The $0.0000085 zone keeps getting tested as resistance and remains the key pivot point for any upward movement. Most analysts are watching $0.0000090 as the next hurdle to clear, with potential runs toward $0.0000100 and possibly even $0.000011 if this bullish setup holds together. But here’s the catch—if price drops below $0.0000082, that would basically kill the bullish thesis and could open the door to some deeper pullbacks.
Technical Indicator Analysis: Momentum, Trend, and Price Targets
When you dig into the technicals for SHIB/USDT right now, there’s definitely some bullish momentum building, though it’s a bit uneven and really depends on whether certain levels hold.
RSI (4-hour timeframe): Sitting at around 68.55, the RSI is creeping into overbought territory. That means there’s been strong buying pressure lately, but if it pushes past 70 without volume backing it up, we could see a short-term pullback.
MACD (4-hour): The MACD line just crossed above the signal line, giving us a positive histogram reading. This is definitely an early sign that momentum is coming back, though the move is still pretty small—it’s early-stage bullish, not full-blown euphoria yet.
Moving Averages (4-hour SMA/EMA): Price is currently trading above both the 4-hour Simple Moving Average (around $0.000008364) and the Exponential Moving Average (roughly $0.000008497). That’s showing short-term bullish bias, and these levels should provide support if we get any minor dips.
Daily Pivot Points: Based on daily pivot calculations, the key resistance zones to watch are around $0.0000095867 (R1), $0.0000098533 (R2), and $0.0000100767 (R3). Support levels stack up near $0.0000090967 and below, giving us clear reference points. If price can punch through R1 near $0.0000096, momentum toward R2 (almost $0.00000985) becomes pretty realistic. Breaking above R3 at just over $0.0000100 would really open things up and could send SHIB testing those higher zones everyone’s talking about.
Short-Term Scenarios: Bullish vs Bearish Paths
Bullish Case: If SHIB can hold above $0.0000085 and those token burns plus whale buying continue, the technicals are pointing toward a breakout to somewhere between $0.0000096 and $0.00000985. Getting above $0.0000100 could open the door to $0.000011, especially if the MACD keeps climbing and we see volume confirming the move.
Bearish Case: On the flip side, if we drop below $0.0000085 or fail to break through R1 near $0.0000096, we could be looking at a correction. In that scenario, support around $0.0000082 to $0.0000080 becomes absolutely critical. Falling below those levels might mean we’re stuck in range-bound trading for a while or even drifting lower to revisit earlier support zones. Weak volume would make this risk even worse.
Longer-Term Forecast & Observations
Looking ahead toward the end of 2026, a lot of analysts are cautiously optimistic about SHIB. Price targets are hovering around $0.000012, which would represent somewhere between 40% and 50% gains from current levels—assuming the bullish structure holds and the broader market cooperates. Continued accumulation and steady burn activity could definitely help SHIB break out of its long-standing trading range. That said, some of the more ambitious predictions hinge on things like institutional adoption or major utility upgrades to the network, which haven’t materialized yet and remain pretty speculative.
Bottom line: SHIB is sitting at a technical crossroads right now. With price around $0.00000927, RSI looking strong, MACD crossing bullish, and support holding above key moving averages, there’s definitely a credible case for upside toward $0.0000100–$0.000011 in the coming weeks. But you’ve got to stay sharp here—resistance levels, supply dynamics, and overall market sentiment can flip the script pretty quickly. Whether you’re trading or holding for the long run, how these technical factors play out over the next few weeks will pretty much determine whether SHIB breaks out or just settles back into another consolidation phase.
