{"id":5316,"date":"2025-07-21T15:17:02","date_gmt":"2025-07-21T15:17:02","guid":{"rendered":"https:\/\/bitunikey.com\/news\/shiba-inu-price-set-to-pop-as-burn-rate-whale-activity-spikes\/"},"modified":"2025-07-21T15:17:09","modified_gmt":"2025-07-21T15:17:09","slug":"shiba-inu-price-set-to-pop-as-burn-rate-whale-activity-spikes","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/shiba-inu-price-set-to-pop-as-burn-rate-whale-activity-spikes\/","title":{"rendered":"Shiba Inu price set to pop as burn rate, whale activity spikes"},"content":{"rendered":"
\n

Shiba Inu price continued its strong rebound on Monday, July 21, as Ethereum and the burn rate soared.<\/p>\n

Shiba Inu (SHIB) token rose for seven consecutive days, reaching its highest level since May 23, and 55% from its lowest point this year.<\/p>\n

The token rally coincided with the ongoing surge in Ethereum (ETH). Ethereum soared to $3,800, its highest level since December last year, and 175% above the year-to-date low. ERC meme coins, such as Shiba Inu and Pepe (PEPE), often surge when Ethereum is in a strong uptrend.<\/p>\n

The Shiba Inu price also jumped as the burn rate continued to rise, reducing the number of tokens in circulation. Its burn rate rose by 11.30% in the last 24 hours to 1.195 million tokens, reducing the circulating supply to 584.5 million.\u00a0<\/p>\n

The SHIB price also soared as\u00a0whales<\/a>\u00a0continued to accumulate<\/span>. The holdings of the top 100 coins continued soaring to their highest point in months. Similarly, whale holdings jumped to 112.17 billion, up by 2.8% in the last 30 days. Their holdings have moved from this month\u2019s low of 105 trillion.\u00a0<\/p>\n

At the same time, exchange balances have continued falling, a sign that investors are not selling. Their holdings have dropped to 275.4 trillion, down by almost 1% in the last 30 days.\u00a0<\/p>\n

<\/p>\n

Shiba Inu price technical analysis<\/h2>\n
<\/source><\/p>\n<\/picture>
Shiba Inu price chart | Source: crypto.news<\/figcaption><\/figure>\n

The daily timeframe shows that the SHIB price bottomed at $0.000010, where it formed a double-bottom pattern. A double bottom is one of the most common and accurate bullish reversal patterns, and it is now approaching the neckline at $0.00001755.\u00a0<\/p>\n

SHIB has also retested the 23.6% Fibonacci Retracement level and moved above the 50-day and 200-day moving averages. The spread between the two moving averages is narrowing, raising hopes that it will form a golden cross pattern.\u00a0<\/p>\n

Furthermore, the Supertrend indicator has turned bullish, while top oscillators, such as the Relative Strength Index and the MACD, have all pointed upward.\u00a0<\/p>\n

Therefore, the token will likely continue rising as bulls target the neckline at $0.00001755, followed by the 50% retracement point at $0.00002180. A drop below the support at $0.00001453 will invalidate the bullish view.<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Shiba Inu price continued its strong rebound on Monday, July 21, as Ethereum and the burn rate soared. Shiba Inu (SHIB) token rose for seven consecutive days, reaching its highest…<\/p>\n","protected":false},"author":1,"featured_media":1410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=5316"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5316\/revisions"}],"predecessor-version":[{"id":5317,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5316\/revisions\/5317"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1410"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=5316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=5316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=5316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}