 
 
Shiba Inu (SHIB) is targeting a potential surge toward the key $0.000015 level, as bullish momentum builds.
According to market analyst Lingrid, SHIB bounced decisively from its demand zone, reinforcing key support and reigniting bullish momentum above its short-term base.
She added, “If buyers maintain pressure, a push toward the descending resistance line could follow. The setup suggests potential for continuation toward the $0.000015 target.”
What does this mean? Well, SHIB surged off a key demand zone, signaling strong buying interest and defending critical support. With buyers in control, momentum could push the price toward $0.000015.
At the time of this writing, Shiba Inu was trading at $0.00001234.
 
SHIB Price Rallies Near $0.000012, Forming Double Bottom Bullish Signal
As Shiba Inu rallies near $0.000012, forming a classic double bottom, the popular meme coin is eyeing a potential upward surge.
A double bottom signals bullish strength, forming when the price tests a support twice and fails to break lower.
For SHIB, the $0.0000115–$0.000012 zone has repeatedly held, sparking sharp rebounds and hinting that the downtrend may be ending as bullish momentum builds, as called out by market commentator Crypto Wizard.
Meanwhile, SHIB’s burn rate skyrocketed 48,247% as 85.8 million coins were recently burned, signaling heightened deflationary pressure on the second-largest meme coin.
Notably, token burns reduce SHIB’s circulating supply by sending coins to irretrievable addresses, creating deflation, a key metric closely watched by the community.
Source: https://zycrypto.com/shiba-inu-ready-to-explode-demand-zone-sparks-0-000015-run/