- SHIB rebounds sharply after defending a key demand zone amid market volatility.
- Burn rate explodes 8,194%, reducing supply and boosting investor confidence.
- Exchange outflows rise, signaling accumulation and potential for a 120% price recovery.
The Shiba Inu community is roaring again after a rough week in the crypto market. The token has clawed back from a major drop, showing signs of renewed strength. With an 8,194% spike in its burn rate and rising exchange outflows, investor sentiment seems to be heating up once more. Many are now wondering if this sudden surge could spark the next big rally for SHIB.
Shiba Inu Defends Key Zone as Buyers Return
After the recent market crash tied to Trump’s tariff announcement, SHIB briefly fell below a crucial chart pattern. The breakdown looked grim, but buyers stepped in quickly around the $0.00000944 to $0.00001000 demand zone. That sharp reaction reflected resilience among long-term holders who refused to let the price slide further.
Now trading near $0.00001087 , SHIB shows an 8% daily gain, signaling renewed strength. This bounce has placed the token in a strong technical position. Key resistance levels at $0.00001484, $0.00001692, $0.00002028, and $0.00002364 mark potential upside targets. If the price climbs above $0.00001316, the path toward these higher Fibonacci zones could open, representing nearly 120% gains from current levels.
The crypto market structure looks like a coiled spring, waiting for momentum to release. Analysts believe a sustained move above immediate resistance could confirm a broader recovery phase. Confidence is slowly returning, and optimism is spreading across the SHIB community as traders anticipate a shift from correction to expansion.
Burn Rate Surge Sparks New Optimism
The real fire behind SHIB’s rebound lies in its massive burn activity. Within 24 hours, over 5.7 million SHIB tokens vanished from circulation, marking an 8,194% spike in the burn rate. This level of destruction feels almost poetic—a phoenix rising through its own ashes. Reduced supply often sets the stage for price appreciation as scarcity deepens.
At the same time, data from CoinGlass revealed $3.91 million in net outflows on October 13. That means more holders are transferring their tokens off exchanges, a sign of growing accumulation and long-term confidence. Investors appear ready to hold, not sell, tightening available supply in the market. This combination of high burns and exchange outflows paints a clear picture of conviction.
For now, the Shiba Inu community is acting rather than waiting. Traders are showing trust, and the network’s activity reflects that faith in SHIB’s long-term story. If the price holds above $0.00001316, the setup could turn explosive. The next phase might push SHIB toward $0.00002364, completing the recovery cycle from October’s breakdown.
