Shiba Inu Price Analysis: Can SHIB Break Barriers and Reach $0.01?

• SHIB’s burn rate jumped 62,000%, and reduced the token’s supply to 584 trillion tokens.
• Analysts predict SHIB could hit $0.01 between 2030 and 2040, although not immediately but patience is required.

Shiba Inu (SHIB) is now making waves and regaining the spotlight as traders debate whether it can ever reach $0.01. The dream is a possibility but reality paints a different picture at the moment. While market conditions show potential bullish hope , a massive supply still holds SHIB back. Analysts remain hopeful, but the road ahead is long and uncertain.

SHIB’s Current Market Position and Burn Rate Surge

SHIB currently trades at $0.00001324, marking a 1.56% gain in the last 24 hours. That’s fair progress, but the token is still 81.77% far below its all-time high of $0.0000725. Shiba Inu needs drastic changes to move higher and upscale its current value.

Another major factor is the burn rate, which recently soared by over 62,000%, according to data from Shiburn

A single transaction wiped out over 459 million SHIB tokens which has resulted in the ongoing effort to reduce supply. Since its launch, SHIB has burned more than 410 trillion tokens, which makes only 589 trillion SHIB remain in circulation

While the massive token burn would help, the numbers still show that reaching $0.01 would require even more aggressive burns, whales interests, and a surge in demand for SHIB.

Analysts Weigh In: When Could SHIB Reach $0.01?

Opinions vary widely on when—if ever—SHIB can hit one cent. Lucie, SHIB’s marketing lead, believes it’s possible but avoids giving a timeframe. Lucie expressed her opinion via a post X (formerly Twitter) , cementing her long term vision for SHIB.

Luis Delgado (Del Crxpto) sees similarities with Dogecoin (DOGE), which made a similar climb in just four years. This could be the same for the Shiba Inu too

AI models offer mixed predictions. Changelly suggests SHIB could hit $0.01 by 2040, while Grok AI places the target around 2030 or later. ChatGPT gives a best-case scenario of 5–10 years but says 10–20 years is more realistic. Bottom line? It’s possible, but without drastic changes, patience will be key.

Technical Analysis: A Breakout in the Making?

Technical Indicators suggest SHIB might be gearing up for a breakout. The current price is moving in a falling wedge pattern, which could mean a bullish reversal. The Relative Strength Index (RSI) now at 82, recently broke a key trendline, hinting at growing momentum. Meanwhile, the Percentage Price Oscillator (PPO) just formed a bullish crossover.

Source: SosoValue

If SHIB holds above $0.0000145, it could push toward $0.0000165-$0.0000170, its next major resistance. Breaking past that level could send SHIB soaring toward $0.000020, a 60% jump from current prices. Macro factors, like potential Federal Reserve rate cuts, could also boost speculative assets, including SHIB.

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