Shiba Inu (SHIB) Sees Historic Breakout as Price Surges 11% Amid Bullish Technical Signals

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Shiba Inu (SHIB) has ignited a meme coin rally, surging 11% today to trade at $0.000015 as of press time, marking one of its most significant bullish breakouts in 2025.

The token shattered months-long resistance levels, breaching both its 50-day and 100-day moving averages while clearing a descending trendline that had constrained prices since late 2024.

Technical Breakthrough Sparks Optimism

Analysts attribute the rally to technical momentum, with the Relative Strength Index (RSI) spiking above 62—its highest level in months—indicating renewed bullish energy.

Trading volume surged alongside the breakout, suggesting broader investor participation. Traders now eye the 200-day moving average near $0.00001798 as the next critical hurdle.

Burn Rate Surge Adds Fuel to the Rally

A single wallet burned 1 billion SHIB on March 15, contributing to an 8,470% spike in burn rate.

While the immediate price impact remains debated, cumulative burns exceeding $4.5 billion since 2024 have reduced circulating supply, potentially amplifying scarcity-driven gains.

Mixed Forecasts Amid Volatility

Despite today’s rally, predictions for March 2025 diverge sharply:

• Changelly projected a March range of $0.0000134–$0.0000297, with SHIB currently trading near the lower end.

• Binance analysts warned of potential declines to $0.00001107 by month-end, citing bearish technical patterns.

• CryptoNewZ and Coincodex remain bullish, forecasting $0.0000326 and $0.00008471 by year-end, respectively.

Ecosystem Developments and Market Sentiment

Shiba Inu’s marketing team has endorsed a 12x price target of $0.0001833, though this hinges on Shibarium’s adoption as a major layer-2 solution.

Meanwhile, broader crypto market sentiment improved, with the Fear and Greed Index rising to 34 (neutral territory).

Key Levels to Watch:

• Support: $0.00001300 (critical floor)

• Resistance: $0.00001798 (200-day MA)

As meme coins regain traction, SHIB’s ability to sustain momentum will depend on whether today’s breakout translates into sustained investor confidence.

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