Shiba Inu Could Soar 200% As Burn Rate and Open Interest Spike

Technical Setup: SHIB shows bullish divergence, indicating potential for a 200% price surge.

Futures Open Interest: Rising to $73M, signaling growing trader confidence and leveraged demand.

Burn Rate Spike: 622 million tokens burned in 24 hours, increasing scarcity and upward pressure.

Shiba Inu is showing renewed momentum as investors take notice of key market signals. The token has been consolidating for months, but recent data suggests the potential for a major breakout. Analysts highlight rising futures open interest and an explosive burn rate as indicators of strong demand. Traders and enthusiasts are watching closely, hoping these trends could propel SHIB toward a significant price surge in the coming weeks.

Analyst Predicts Major SHIB Upside

Shiba Inu price has remained in a consolidation phase for several months, suggesting accumulation. Analyst Javon Marks noted the coin shows a bullish divergence pattern, which often signals a potential rebound. Divergence occurs when the price drops while indicators like RSI and MACD make higher highs. Marks believes SHIB could see up to 200% upside if the trend continues. He cautioned that bullish divergence can take months or years to play out.

Historical data supports this. SHIB consolidated between $0.0000063 and $0.00001758 from May 2022 to February 2024 before rallying.The token currently trades between $0.0000097 and $0.00001636, forming a clear accumulation structure. Many investors interpret this range as a foundation for potential long-term gains. Despite the risks, the technical setup has drawn attention from traders seeking high-reward opportunities.

Rising Futures Open Interest and Burn Rate Fuel Optimism

Shiba Inu’s price action coincides with broader crypto market recovery. Bitcoin climbed above $107,000, and XRP jumped over 10%, pushing overall market capitalization higher. SHIB has its own catalysts driving growth.Futures open interest shows growing investor confidence. CoinGlass data indicates open interest rose to $73 million on Monday, up from $60 million over the weekend. Rising open interest suggests traders are increasingly using leverage, which could amplify price movements as demand rises.

Another key factor is the burn rate. Shibburn data shows a 66,000% increase over 24 hours, totaling 622 million tokens removed from circulation. A single transaction accounted for 621 million tokens, demonstrating strong community activity and potential supply pressure. These indicators suggest a higher probability of price acceleration. However, SHIB faces notable risks. The Shibarium network’s underperformance and varying investor demand could temper gains. Traders should remain aware of these challenges while monitoring ongoing market activity.

For now, Shiba Inu is showing strong signs of potential breakout, driven by technical setup and accumulation patterns. Rising futures open interest and a record burn rate boost optimism for short-term price gains. Analysts predict the token could achieve up to 200% upside if trends hold. Despite network and demand risks, SHIB remains one of the most closely watched cryptocurrencies, attracting both speculative and strategic investors.