> At a Glance
> – Shiba Inu has rallied 15% in seven days, reaching $0.00000935
> – 195 million tokens were burned this week, up 531% from last week
> – Analysts predict gains of up to 246% if momentum holds
> – Why it matters: A break below $0.0000075 could wipe out the bullish setup
Shiba Inu is leading the 2026 crypto rebound as meme coins roar back to life. The token’s latest jump has traders watching key levels-and big burn numbers.
Rally on Fire
SHIB briefly traded at $0.00000935 on Thursday, its best level since mid-November. The move comes as the broader meme-coin sector tops a $50 billion market cap once again.
Momentum is being fueled by:
- A community-led burn that destroyed 195 million tokens this week
- A 531% surge in burn rate versus the previous seven days
- A total of 410 trillion tokens already removed from circulation
Current circulating supply sits at 585.28 trillion SHIB, according to Shibburn data.
Price Targets and Risks
Chart watchers are flagging bigger moves ahead:
JAVON MARKS sees a possible 246% leap toward $0.000032.
CryptoPulse expects $0.0000100-$0.0000112 if buyers stay in control.
Alice Crypto says the breakout has “good volume” and projects another 70% climb.
Yet warning lights are flashing:
| Metric | Current Status | Implication |
|---|---|---|
| Exchange Reserves | Rising | Higher selling pressure |
| RSI | Near 70 | Overbought, possible correction |
| Key Support | $0.0000075 | Bullish setup invalid if lost |
Key Takeaways
- SHIB’s weekly burn jumped more than five-fold, trimming supply
- Multiple analysts target double- to triple-digit percentage gains
- A daily close under $0.0000075 would negate the upbeat outlook
With meme coins back in vogue, Shiba Inu traders are balancing burn-driven optimism against overbought technicals.
