Shiba Inu Eyes Breakout as Whales Load Up & Burn Rate Soars

Shiba Inu (SHIB) is at a technical and fundamental crossroads. Currently trading at $0.00001531, up 2% intraday

Arslan Butt•Thursday, May 22, 2025•2 min read

Quick overview

Shiba Inu (SHIB) is currently testing resistance at $0.00001550 while trading at $0.00001531, showing a 2% intraday increase.
Whale accumulation has surged, with 530 trillion SHIB added to wallets since January 2025 and a significant decline in exchange supply.
The burn rate for SHIB has skyrocketed by 11,000% in the last 24 hours, with over 28 million SHIB burned, indicating potential bullish momentum.
Technically, SHIB has formed a symmetrical triangle and could see volatility, with a breakout above $0.00001590 potentially leading to higher price targets.

Shiba Inu (SHIB) is at a technical and fundamental crossroads. Currently trading at $0.00001531, up 2% intraday, the meme token is testing the resistance zone near $0.00001550 which is also the apex of the multi-week symmetrical triangle.

Since mid 2021 SHIB has been stuck in a wide range between $0.000005 and $0.000096 and failed to develop a sustained trend despite high community interest, burns and whale accumulation.

In 2024 SHIB retook the $0.000014 resistance for the first time in over a year and now eyes the next milestone: the 200-day moving average at $0.0000182.

Whale Accumulation and Exchange Supply Decline

Whales are buying SHIB. Santiment on-chain data shows that since January 2025 whales have added 530 trillion SHIB to their wallets. 5 trillion SHIB have been removed from exchanges and 141 trillion SHIB are currently held on exchanges. This supply squeeze is similar to pre-rally behavior in early 2021.

Key Accumulation Metrics:

530T SHIB added by whales in 2025
5T SHIB removed from exchanges recently
141T SHIB held on exchanges

This and the tightening price action increases the chances of a breakout.

Burn Rate Surges 11,000% in 24 Hours

Adding to the bullishness is the burn rate explosion. Shibburn shows that over 28 million SHIB were burned in the last 24 hours which is a 11,000% increase.

Historically burns have preceded big rallies, especially SHIB’s 2021 rally after Vitalik Buterin burned 400 trillion tokens.

SHIB Price Chart - Source: Tradingview — SHIB Price Chart – Source: Tradingview

Technical Analysis: Compression Before Breakout?

From a technical perspective SHIB has formed a perfect symmetrical triangle and is about to get volatile. It just cleared the resistance at $0.00001440 and $0.00001497 and is supported by the 50-EMA at $0.00001473.

The MACD has crossed below the zero line and the histogram is widening which means upside momentum is building. If SHIB breaks and closes above $0.00001590 it could go to $0.00001659 and $0.00001741.

If it stalls near resistance and forms a spinning top or shooting star it could pull back to $0.00001440 or triangle support. For bulls a daily close above $0.00001590 is the breakout confirmation.

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ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.