NOIDA (CoinChapter.com) — Shiba Inu coin seems to have attracted traders’ attention, and it is not because the token has risen 2.22% since Feb. 23 despite a broader collapse in the memecoin sector. On Feb. 27, SHIB reached a daily high near $0.0000148, recovering from a recent dip to $0.0000131 on Feb. 25.
The rebound comes as traders cling to optimism, with some speculating that SHIB could surge 450% if it clears $0.00001.
However, the memecoin market as a whole has struggled. Since the start of 2025, memecoins have lost nearly 59% of their value, according to market data. Once a driving force behind crypto rallies, these assets are now under pressure due to declining retail participation, fading speculative interest, and broader macroeconomic concerns. The drop coincides with Bitcoin’s 8.3% correction and Ethereum’s 15% slide, reinforcing how fragile memecoins remain in volatile market conditions.
Even so, Shiba Inu coin is trying to establish itself as the exception—at least for now. Unlike other struggling tokens, SHIB’s price action remains relatively stable, bolstered by a hyper-engaged community that promotes every slight gain, ecosystem update, and token burn as a sign of long-term strength. The question is whether this enthusiasm will translate into real value or if it’s just another speculative cycle playing out.
Traders Fuel Hype, but Shiba Inu Coin Burns Do Little to Reduce Supply
Despite the broader market downturn, Shiba Inu coin maintains a relentless presence on social media. Traders flood X with wild price predictions and celebratory posts, amplifying the token’s visibility and momentum. On Feb. 27, users pointed to SHIB recent gains as the beginning of a major rally.
Traders continued celebrating SHIB burn rates.One key narrative driving the hype is SHIB’s burn rate spike, which surged 1,306% in 24 hours. The Shibburn X account noted that 30.15 million SHIB tokens were permanently removed from circulation, fueling speculation that a shrinking supply could drive prices higher. However, the impact remains negligible. Given that SHIB’s total circulating supply exceeds 410 trillion, at the current burn rate, it would take more than 36,000 years to reduce the supply by 99%.
That hasn’t stopped traders from celebrating every burn event. The Shibarmy continues to push the idea that SHIB’s deflationary model will eventually pay off, even as reality suggests otherwise. The enthusiasm mirrors past speculative cycles, where social media hype played a bigger role than fundamentals in driving price swings.
Beyond burn rates, SHIB’s ecosystem growth also contributes to the narrative. Traders argue that expanding use cases validate SHIB’s long-term prospects, but whether casual gaming or bridges can meaningfully impact the token’s valuation remains debatable.
For now, the Shiba Inu coin price rally thrives on momentum. But as history shows, hype alone has limits—when sentiment shifts, SHIB price could once again find itself vulnerable to the same volatility that has plagued memecoins in recent months.
SHIB Forms Bullish Falling Wedge Pattern
Shiba Inu coin’s price action has taken shape within a falling wedge pattern, a bullish technical formation that typically signals an upcoming breakout. The pattern is defined by two converging downward-sloping trendlines, with price making lower highs and lower lows before a breakout to the upside.
Falling wedges form when selling pressure gradually weakens, leading to tighter price action before a potential reversal. Unlike descending channels, which can indicate continued bearish momentum, falling wedges suggest that bulls are quietly regaining control. The narrowing range reflects declining volatility, with buyers stepping in at key support levels.
SHIB USD pair formed a bullish technical pattern. Source: TradingviewIn SHIB’s case, the wedge pattern extends from its recent peak, consolidating lower before nearing a breakout point. The price appears to be approaching the pattern’s lower boundary, where a bounce is expected. A breakout above the upper trendline would confirm the bullish move, with a projected SHIB price target near $0.00003017, a jump of 106% from current levels.
The price target calculation for a falling wedge follows a standard approach by measuring the height of the widest part of the wedge and adding this value to the breakout point. A confirmed breakout would indicate a strong move toward $0.000030. However, volume confirmation is crucial since a breakout with low volume would weaken the setup, increasing the risk of a fakeout.
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