Here’s why SHIB rallied 10% today
Shiba Inu (SHIB) recorded a nearly 10% increase on March 26, 2025, reaching an intraday high of $0.00001485. This surge has brought SHIB’s market capitalization to $8.6 billion, pushing it past coins like Sui (SUI) and Hedera (HBAR) to become the 19th largest crypto asset according to data from CoinGecko.
Three key factors driving SHIB’s growth:
Shib Finance Revealed: The Shiba Inu development team has announced Shib Finance, a major DeFi upgrade that will introduce a suite of financial tools, including reputation-based lending and unsecured borrowing. The platform aims to combine traditional finance (TradFi) and decentralized finance (DeFi) with features like Karma Engine, Shib Attestation, and a privacy-focused identity layer.
Listing on BingX Futures: SHIB has been listed on BingX Futures, opening the door for over 10 million global users to trade this memecoin with leverage.
Token Burn Rate Increase: SHIB's token burn rate has increased significantly recently. On March 23, the daily burn rate increased by nearly 8,100%, reaching over 1 billion SHIB tokens in a single day. According to Shibburn, the network has burned over 410.74 trillion tokens since its inception, leaving a circulating supply of around 589 trillion tokens.
SHIB Price Analysis:
On the daily chart, SHIB recently broke out of a falling wedge pattern that has been forming for the past four months, a classic bullish setup. This breakout typically signals a potential trend reversal, suggesting that SHIB could be preparing for a stronger rally.
In the short term, SHIB could be looking at a 20% gain after breaking above a key resistance level and completing an inverse head and shoulders pattern. The breakout confirms a bottoming structure, opening the door for further upside if trading volume remains high.
The SHIB price has broken above the 25- and 50-day moving averages, marking the first signs of a reversal since the downtrend in February.
Current support is near $0.0000123, while the next target could be the 75-day EMA, around $0.00001575.
The Money Flow Index (MFI) is also rising but has not yet reached overbought territory, indicating that buying pressure is dominant. Derivatives data also supports the bullish momentum, with open interest rising more than 26% to $160 million, indicating increased capital inflows into the SHIB futures market. At the same time, the OI-weighted funding ratio has turned positive.
With these positive signals, the next potential target for SHIB could be $0.00002485, which is about 65.7% higher than the current price and marks the highest level of the year so far.
Note that the cryptocurrency market is always volatile and price predictions are for reference only. Investors should be cautious and do thorough research before making investment decisions.
