TLDR:
- SHIB price approaches $0.00001438 breakout level after rebounding from early August multi-week lows.
- Token burn rate surges 333% in 7 days, removing over 101M SHIB from circulation and tightening supply.
- Resistance stands at $0.00001469 and $0.00001518, with $0.00001599 as July’s key high if momentum holds.
- Stablecoin partnership and governance overhaul aim to strengthen Shiba Inu’s DeFi role and liquidity.
Shiba Inu is edging toward a technical breakout that could pull prices back to July highs. Traders are watching the $0.00001438 mark closely as momentum builds. The move follows weeks of recovery from early August’s multi-week lows.
Market chatter points to a mix of technical signals and fresh ecosystem plans driving sentiment. Still, the path higher faces resistance that could slow the rally.
SHIB Price Approaches Key Breakout Level
Shiba Inu’s price action is pushing against the top of a symmetrical triangle pattern that has been forming since late July.
Data from Coinpedia Markets shows the token trading near $0.00001369, closing in on the $0.00001438 breakout trigger. Traders see this level as the first major step toward regaining momentum lost in the late July correction.
The recovery began after SHIB dropped to around $0.0000121 in early August, its lowest in several weeks. That decline was followed by steady higher lows, creating an ascending support line on the chart.
On the upside, the pattern’s descending resistance now meets price in the $0.0000138–$0.0000140 zone, putting the market on alert for a decisive move.
If buyers clear $0.00001438 on a daily close, analysts point to immediate resistance at $0.00001469. Beyond that, $0.00001518 could be tested, with $0.00001599 marking the late July peak. Failure to maintain $0.00001280 support, however, could reverse the setup and open a path toward $0.0000121 or even $0.0000112.
$SHIB is breaking out of a symmetrical triangle, with a move above $0.00001438 likely to strengthen the breakout.
After hitting multi-week lows in early August, #ShibaInu has rebounded to levels last seen on July 24, just before a correction. However, this recovery could also… pic.twitter.com/Bl29Is0AdF
— Coinpedia Markets (@MarketCoinpedia) August 14, 2025
Burn Rate Surge and Supply Dynamics
One factor helping bullish sentiment is the sharp increase in SHIB’s burn rate. According to Coinpedia Markets, over 101 million tokens were burned in the past week. That’s a 333% jump from prior levels, which reduces circulating supply and could support price if demand stays steady.
At the same time, on-chain data suggests low SHIB balances on exchanges. This typically points to reduced immediate selling pressure. Combined with the burn activity, these conditions can give rallies a stronger base if technical breakouts occur.
Volume trends remain an important confirmation point. A breakout without rising trading volume risks a false move, while heavier activity could validate the upward push. Traders are closely monitoring this as the triangle pattern nears its apex.
Ecosystem Updates Support SHIB Market Outlook
Beyond technicals, Shiba Inu’s ecosystem is seeing developments that may bolster its market position. Plans for a stablecoin partnership aim to enhance liquidity and utility within its DeFi network.
Governance restructuring is also in motion, with changes designed to streamline decision-making and improve project adaptability.
Such initiatives, while longer-term in nature, add another layer of interest for holders tracking both price and project fundamentals. They also create a broader narrative that could attract new participants to the network.
With the $0.00001438 level in focus, the next few sessions may decide whether SHIB challenges July highs or slips back into consolidation. Per CoinGecko data, SHIB trades at $0.00001298 at press time, down 6.82% on the day but still up 2.6% over the past week.
The post SHIB Price Presses Against Breakout Wall: Next Stop $0.00001599? appeared first on Blockonomi.
Source: https://blockonomi.com/shib-price-presses-against-breakout-wall-next-stop-0-00001599/