- Active addresses rose by 5.74%, while Zbas rose 31.11%, which indicates an increased network trend.
- Price floated near resistance such as open interest and long positions suggested cautious bullish positioning.
An increase of 3,273% in Shiba Inu’s [SHIB] Burn rate of 24-hour-similar to more than 28.5 million tokens destroyed renewed investors’ interests. At the time of the press, Shib traded at $ 0.00001218, an increase of 1.40% in the last 24 hours.
The aggressive token reduction corresponds to the efforts of Shib to recover from long -term consolidation, while market behavior and network trends begin to reflect.
Historically, large burn peaks preceded, especially in combination with increased address activity and rising speculative interest rates.
The increasing network use of Shiba Inu
Data on chains revealed the growing ecosystem involvement. Active addresses increased by 5.74% last week, indicating a remarkable increase in participation.
In the meantime, zero balance addresses (ZBAs) increased by 31.11%, usually a result of token transfers, wallet consolidations or burn activity -all point to internal recalculation.
Although the new address growth decreased by 8.57%, the Churn within the network reflects the rising transaction volume instead of inactivity.
These shifts suggest that the Shib ecosystem rotates in preparation for a broader price response, instead of showing signs of retreat.
Source: Intotheblock
Price rinsing in the event of resistance: will Bulls take control?
At the time of the press, the prize remained caught in a well -defined reach between $ 0.00001106 and $ 0.00001290.
Shib tried to solidify the support above the Mid-Bollinger band at $ 0.00001198, with a short-term resistance to $ 0.00001262.
A confirmed breakout above $ 0.00001290 would open the door for a rally for the $ 0.00001428 food zone, while not lifting this level could invite further accessible movement.
Nevertheless, Bulls continued to defend the critical demand zone between $ 0.00001100 and $ 0.00001110, which maintained the structure despite low volatility.
Source: TradingView
A breakout setup in motion?
Open interest has risen by 7.05% to $ 125.57 million, which emphasizes a growing speculative appetite.
The long/short ratio was 1.17 at the time of the press, with 54.06% of the traders held long positions – a soft bullish lifted that reflected the growing optimism without overexposure.
This behavior, in combination with a tightening price structure, often precedes impulsive movements. It seems that traders gradually position for an upward outbreak, while staying careful for resistance in the short term.
Source: Coinglass
Will Shib expand his climb?
Shib’s token fire activity, active wallet movement and rising market participation suggest that momentum can build under the surface.
However, the price remains reached and has to break more than $ 0.00001290 to confirm trend remediation.
If bulls succeed in converting this resistance into support, Shib can gather in the direction of the next key level. Until then, it remains a watch zone – imposed for volatility and awaiting confirmation.
