"Whales stepped up"...Shiba Inu, 18% rebound anticipated due to surge in burning

▲ Shiba Inu (SHIB)

Shiba Inu (SHIB) is sending strong rebound signals from its bottom. An analysis suggests that it has entered a range where it could generate over 18% profit in the short term.

On April 29 (local time), U.Today, a virtual asset specialized media, analyzed Shiba Inu's technical indicators. Shiba Inu has currently established a solid support line at the $0.00000075 level. Experts view this range as a critical watershed for 2026, evaluating it as the last opportunity to reduce losses or make new entries.

Chart analysts noted that the Relative Strength Index (RSI) has moved out of the oversold zone. The Moving Average Convergence Divergence (MACD) is also anticipating a golden cross. This indicates a very high possibility of buying pressure inflow. An 18% rise from the current price could reach the major resistance level of $0.00000089.

According to Shibburn data, the burning rate has recently surged. This is a sign that supply control is being smoothly managed. Along with increased network activity, evidence of accumulation by whale investors has also been detected. Low-point buying sentiment is also spreading among individual investors.

The increase in transactions on Shibarium, a Layer 2 solution, also supports the price increase. However, a cautious approach is needed as macroeconomic uncertainties persist. Shiba Inu is currently exploring a new price formation range, starting from $0.00000075.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*