Shiba Inu (SHIB) Could Rise 17% on Breakout and High Burn

• Shiba Inu forms symmetrical triangle with bullish potential
• Whales move 34 trillion SHIB tokens from exchanges
• SHIB burn spikes 1.400% and reduces circulating supply

Shiba Inu (SHIB)’s recent moves have raised a positive alert on the technical and on-chain radar. Analyst Ali Martinez pointed out that the token is forming a symmetrical triangle on the 4-hour chart, a pattern that often anticipates a significant breakout. If the movement is bullish, SHIB could reach an appreciation of up to 17%, taking the price to around $0,000017.

#ShibaInu $ SHIB consolidates within a triangle, awaiting a 17% price move! pic.twitter.com/jdjMzVxtme

— Ali (@ali_charts) May 28, 2025

The token is currently trading near $0,00001446, sandwiched between the support zone at $0,00001430 and the resistance at $0,00001474. A breakout of this technical pattern, in either direction, is likely to trigger sharper swings in the coming days.

Off the charts, token movement data also reveals growing confidence among large investors. Around 34,1 trillion SHIB tokens have been transferred from exchanges, signaling a possible intention to hold rather than sell. In the past few days alone, 768 billion SHIB tokens have been withdrawn from exchanges, while only 266 billion have returned.

In retail, behavior also shows greater buyer interest. 338 billion tokens were purchased, compared to 326 billion sold, indicating a slight predominance of buyers in the spot market.

Another relevant factor is the significant increase in burn rate of SHIB. In just 24 hours, there was a jump of over 1.400%, with a single anonymous wallet burning 1 billion tokens — the equivalent of around US$13. This wallet already has a recurring history of burns and still holds a significant amount of SHIB.

With the reduction in circulating supply and the growth in demand from both whales and retailers, the signs are aligning for a possible appreciation of Shiba Inu. These movements combine technical and on-chain fundamentals, creating a prospect that has been attracting attention within the cryptocurrency ecosystem.