Shiba Inu is staging a comeback after months of muted price action, with data showing a 32% increase over the past month.
The reversal comes as market sentiment improves, driven by recent macro developments — notably a new trade agreement announced by President Trump.
The meme coin, which had been range-bound for much of 2025, is now trading near $0.00001713 and has seen a surge in trading volume and open interest.
That has pushed SHIB’s 24-hour trading volume to $664 million and lifted its market capitalization to just over $10 billion, moving it into the 15th spot among all cryptocurrencies.
SHIB burn rate drops 97.77% in 24 hours
A key driver behind SHIB’s recent rally was last week’s sharp spike in the token’s burn rate.
However, over the past 24 hours the burn rate has plunged by 97.77%, with only 427,479 SHIB burned during the period.
This follows earlier burns that created upward pressure on the price by reducing circulating supply.
Open interest remains elevated at roughly $260 million, signaling that traders are still positioning for further price moves.
The sustained open interest points to growing participation in SHIB’s derivatives market, keeping the asset on traders’ radars.
Technical indicators support an upward trend
Technical analysis points toward bullish momentum for Shiba Inu. Market data shows that while oscillators like the RSI and Stochastic remain neutral, MACD and Momentum indicators are flashing clear buy signals.
Key moving averages, including the 50-day and 200-day, are aligned in favor of an uptrend.
Analysts are watching these indicators to confirm a potential breakout, with current price action suggesting buyers are stepping in on dips.
Analyst forecasts breakout target of $0.000081
According to analyst Javon Marks, Shiba Inu’s recent surge — nearly 30% in a few days — could be the start of a much larger move.
He forecasts a potential rally of about 105% from current levels, with a breakout target of $0.000081. He also suggests the price could reach roughly four times its present level if momentum persists.
Meanwhile, broader crypto sentiment has been buoyed by eased trade tensions between the U.S. and China.
A 90-day tariff truce and signs of negotiation progress have increased risk appetite among investors, benefiting cryptocurrencies amid the optimism.
The improved macro backdrop has reinforced bullish setups across digital assets, including SHIB.