The Shiba Inu chart has now started to show signs of a bullish rally, which has been brewing for the token for a long while. The token has surged 15% in the last 24 hours and is now working its way towards hitting a new high. This chart is showing signs of a dramatic SHIB rally, the one that could help Shiba Inu come out of its dormant price spell.

Also Read: Analyst Reveals Shiba Inu Coin Upcoming Events Behind 130% Surge

Shiba Inu: New Developments Fueling the Token’s Altcoin Surge

SHIB Burn Rate Explodes 10,786%
Source: Token Metrics

Shiba Inu is currently one of the most promising cryptocurrency tokens out there. Despite its dormant price pace, the token’s ecosystem has put in all efforts to keep SHIB ahead of the radar. Shiba Inu has announced a new major update showcasing the ecosystem’s growing inclinations towards AI.

A new AI whitepaper has been dropped by Shytoshi Kusama, which is now making major headwinds for the token:

Similar to this, Shiba Inu’s burn rate has also been spiking steadily. SHIB’s deflationary mechanism is also playing a key role in making SHIB scarce, regulating its demand and supply strategically:

Moreover, the altcoin surge is also helping the token break its consolidatory period. The token is showing signs of a surge beyond $0.000015, helping the token turn the tables around for good.

“📈 SHIB has officially broken the downtrend! 🐶🔥 After months of consolidation and bear pressure, $SHIB has smashed through the descending resistance line and is now printing strong green candles above $0.000015. 💪 Volume is up. Momentum is back. Whales are buying. Chart structure flipped bullish. This is SHIB’s strongest rally since February, and it’s happening fast.”

When Will the Token Hit $0.000024?

At press time, Shiba Inu is sitting at $0.00001498. As per CoinCodex, the token is now aiming for two potential targets, notably $0.000017 and $0.000024.

By October, SHIB could surge to hit $0.00001741:

SHIB STATS
Source: CoinCodex

“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to rise by 11.61% and reach $ 0.00001741 by October 20, 2025. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 71 (greed). Shiba Inu recorded 19/30 (63%) green days with 10.97% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a good time to buy Shiba Inu.”

By December 2025, the SHIB rally may attract force, as CoinCodex shows, helping the token hit $0.00002449.

SHIB STATS
Source: CoinCodex

“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to rise by 56.94% and reach $ 0.00002449 by January 18, 2026. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 71 (greed). Shiba Inu recorded 19/30 (63%) green days with 10.97% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a good time to buy Shiba Inu.”

Also Read: Buying Early Pays Off: $10 in Shiba Inu in 2020 is $2 Million Now

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