Shiba Inu SHIB: 350% Tx Growth, Burn Spike & Golden Cross
Shiba Inu has gained renewed momentum after whales added 1.81 trillion SHIB on July 10, lifting prices above $0.000013. Average transaction sizes jumped 350% in ten days, rising from $2,600 to $11,700, while on-chain burns topped 1 billion SHIB—a 2,000% surge in burn rate.
The daily chart shows a golden cross as the 9-day moving average climbs above the 26-day. The MACD histogram remains positive, although the RSI near 67 warns of a possible pullback. Key support lies at $0.0000125, with resistance at $0.000016 and $0.000018.
Since a March peak of $0.000045, SHIB slid 77% to lows near $0.00001004 before rebounding 11.3% over the past week. Market drivers include an Ethereum rally, upcoming US regulatory clarity and the launch of the DegenSafe platform. Analysts set bullish targets from $0.000018 to $0.0001, reflecting growing confidence in Shiba Inu’s upside.
Bullish
The combined news highlights multiple bullish indicators for Shiba Inu. Whale accumulation of 1.81 trillion SHIB and a 350% surge in average transaction size signal strong demand. A 2,000% jump in the burn rate adds deflationary pressure. Technically, the golden cross and positive MACD point to sustained momentum, while a rebound from the March low and an 11.3% weekly gain underscore short-term strength. Key support at $0.0000125 and resistance breakpoints at $0.000016–0.000018 frame clear trading levels. Macro drivers—an Ethereum rally, US regulatory clarity and the DegenSafe launch—further support a bullish outlook. Analysts’ targets up to $0.0001 suggest confidence in both near-term and long-term upside for Shiba Inu.