Shiba Inu Heats Up: Big Burn, Big Volume, and Bullish Signs
Shiba Inu (SHIB) just hit an important technical milestone by closing above its 200-day moving average. For many crypto traders, this is a sign that the trend could turn bullish in the medium term.
At the same time, SHIB’s trading volume jumped sharply. In just one night, 4.88 trillion SHIB were traded — more than three times the usual daily average. This shows that new speculation around Shiba is picking up.
On-chain data also supports this positive trend. According to the Shibburn platform, SHIB’s burn rate jumped by 869.7%, with 5.82 million SHIB burned in a single transaction 19 hours ago. The number of active daily Shiba Inu addresses rose 14.4% in one day, showing that more people are getting interested again. Large transactions over $100,000 also increased from 78 to 99, which hints that big investors or whales are active.
Targeting $0.00002: The Tweet That Got Everyone Talking
In the past week, SHIB’s price rose from $0.00001330 to $0.00001482 — up about 11.4%. This spike got even more attention after the official @ShibaInuCoin account posted a teasing tweet on X (Twitter):
"Can we reclaim $0.000017 and then aim for $0.00002?"
This question is important because it gives investors hope and a goal to watch for. It also keeps the hype alive. On top of that, Shytoshi Kusama (a key Shiba Inu figure) announced an upcoming “AI-paper,” trying to link Shiba to the trending AI theme.
Why $0.000017 Is Still a Tough Level
Even with all this positive buzz, many SHIB holders are still in the red because they bought at higher prices. If the price climbs back near $0.000017, some holders may sell to break even. This level has acted as resistance before. So unless SHIB can stay above $0.000017, the dream of hitting $0.00002 still depends on strong market conditions and good news.
Can SHIB Really Hit $0.00002?
To really reach $0.00002, Shiba Inu needs:
- Strong, steady trading volume
- Clear technical signals
- A good story or hype to attract new money
The “AI-paper” could help build excitement, but it needs to deliver real value, not just hype. Crypto analyst CJ (@cj900x) also pointed out an “epic structure” on SHIB’s chart. He sees several buying zones that could lead to big gains if the uptrend continues.
However, the market hasn’t yet confirmed a break above the highs from August 2022. So until SHIB holds above $0.000017, the $0.00002 target is more of a wish than a fact. For now, investors should stay careful — the rally is on, but its fuel is still risky.
