35M SHIB burned in 24 hours – Is Shiba Inu ready for a breakout?

Shiba Inu’s [SHIB] ecosystem turns energetic after the burn rate jumps 1,822%, removing more than 35 million SHIB in 24 hours. 

The sharp reduction in circulating supply attracts traders who monitor periods where supply tightens while demand starts building. 

Moreover, the surging burns align with improving market participation, which strengthens expectations of short-term stability for SHIB. 

The supply drop creates natural pressure on sellers because reduced tokens increase the cost, pushing the price downward. 

However, the market waits to confirm if burn activity maintains its pace, since isolated spikes rarely shift long-term direction. 

The current surge, therefore, injects momentum into SHIB’s recovery narrative as price approaches a critical breakout region.

Can Shibarium’s renewed progress calm SHIB’s shaken sentiment?

SHIB has regained visibility as the team steps up efforts to resolve the Shibarium exploit that previously disrupted the ecosystem

Confidence is strengthened by tracking stolen funds through KuCoin and collaborating with agencies like the FBI and INTERPOL, signaling firm operational commitment. 

This transparency reassures holders who questioned the project’s resilience during three months of uncertainty, as markets tend to favor assets that demonstrate accountability, especially when sentiment remains fragile.

However, investors still monitor the resolution timeline closely since credibility depends on consistent progress rather than announcements alone. 

The improved communication now supports SHIB’s technical structure, which already shows signs of early recovery.

SHIB pushes toward a breakout

At press time, SHIB was trading at 0.00000868 and was pressing directly against the descending channel’s upper trendline, which has capped every rally since September. 

The immediate resistance sits at around 0.00000890, followed by 0.00001023, which marks the most important breakout level because the price rejected this zone twice. 

Moreover, 0.00000798 holds as intraday support, while 0.00000770 anchors the broader structure. 

The MACD strengthened as the histogram turned green, and both lines curled upward, reinforcing pressure at the channel ceiling. Parabolic SAR prints below price, showing increasing bullish intent. 

However, SHIB needs a strong close above 0.00000890 to confirm a breakout that opens the path toward 0.00001023.

Source: TradingView

Rising Open Interest hints at…

At the time of writing, Open Interest (OI) climbed 14.92% to $91.77 million, and this acceleration reveals a surge in leveraged positioning as traders attempt to anticipate a breakout. 

Rising OI usually signals expanding volatility because positions accumulate aggressively when price tests structural turning points. 

Furthermore, this increase aligns with the burn spike and improving technical momentum, forming a unified narrative of growing conviction.

However, traders must remain alert since high leverage can trigger sharp liquidations if SHIB faces abrupt rejections near resistance. The current buildup suggests a market preparing for a decisive move rather than hesitation. 

SHIB now sits in a zone where derivatives activity can amplify upside if price clears its immediate ceiling.

Source: CoinGlass

Buyer dominance strengthens!

Taker Buy CVD has strengthened over the past 90 days, showing buyers consistently lifting offers and maintaining short‑term momentum. This reflects aggressive accumulation during early trend shifts, as strong buyers exert more influence than passive liquidity.

SHIB’s liquidation heatmap highlights dense pockets between 0.0000084–0.0000087, which could trigger cascading short liquidations if the price moves higher.

Still, sustained buyer pressure is essential, since weakening flows often stall momentum at channel resistance.

With CVD strength, MACD improvement, and the channel ceiling aligning, SHIB’s order‑flow structure increasingly supports upward continuation if buyers remain dominant.

Source: CryptoQuant

Is SHIB ready for a breakout?

SHIB now moves within a strong convergence of catalysts: a sharp burn spike, improving sentiment around Shibarium, rising momentum against channel resistance, stronger derivatives positioning, and dominant buy-side order-flow. 

These conditions collectively place SHIB in a realistic position to break above 0.00000890 and attempt a run toward 0.00001023, provided current participation holds.

Final Thoughts

• SHIB’s sharp burn spike, rising Open Interest, and strong buyer dominance create a powerful setup for upside momentum.
• A confirmed breakout above 0.00000890 could open the path toward 0.00001023, reinforcing SHIB’s recovery narrative.