SHIB Price Prediction: Technical Breakthrough Indicates a 156% Surge, DAO Elections + Burn Rate Surge of 3464% Stimulates Whale Accumulation

Shiba Inu (SHIB) is gaining momentum both technically and fundamentally, attracting traders' continuous attention. Analyst Javon Marks pointed out that SHIB has broken through a key falling wedge structure, and the bullish divergence remains intact, indicating a potential 156% big pump (target $0.000032). The 4-hour chart shows that the $0.00001173-$0.00001200 high demand zone is providing strong support, and breaking $0.00001313 will open up upward space. The fundamentals are also showing explosive signals: the 24-hour token burning volume surged by 3464% (9.6 million SHIB), and the triple DAO governance elections have initiated the decentralization process, with Whale net inflows increasing by 272.67% in the last 7 days, while on-chain data reveals that large investors are accelerating their stockpiling.

Technical Breakthrough: Bullish Divergence Remains Valid, 156% Rebound Target Receives Key Structural Support Despite the flat price trend in the short term, multiple indicators show that Shiba Inu (SHIB) is brewing a larger scale rebound. Renowned analyst Javon Marks pointed out that the bullish divergence confirmed earlier this year has not yet failed, and SHIB is likely to see a significant breakout, with a predicted rise of 156% and a target price of approximately $0.000032. The technical structure shows that after successfully breaking through the falling wedge on the 4-hour chart, SHIB gained strong support for a rebound in the high demand zone of $0.00001173-$0.00001200 (which triggered a 36% rise in early July). The current short-term trend has confirmed a market structure change with a breakout above the trend line, and bulls are challenging the resistance level of $0.00001313. If successfully broken, the subsequent bullish targets will point to $0.00001422 and $0.00001597, laying the foundation for continued upward movement.

(SHIB/USDT 4-hour chart | Source: TradingView)

Token burning nuclear bomb detonation: 24-hour token burning surged 3464%, DAO elections reshape governance structure The SHIB Token economy welcomes significant good news: over 9.6 million SHIB have been burned in the past 24 hours, the daily burn rate surged by 3464%. This round of burning coincides with the launch of SHIB's three-phase DAO governance election, marking a key step towards complete decentralization for the project. The governance model adopts a weighted voting mechanism based on token holdings, and whale addresses will play a central role in decision-making due to their large token holdings. Project lead Shytoshi Kusama emphasized that candidates with large token holdings are more likely to align with the long-term success interests of the ecosystem.

Whales Accelerate Layout: 7-Day Net Inflow Soars 272%, Governance Power Struggle Boosts Bullish Expectations IntoTheBlock on-chain data shows that in the past 7 days, the net inflow of SHIB large holding addresses surged by 272.67%. This indicates that Whales are not only actively participating in DAO governance elections but are also accelerating the accumulation of spot chips to prepare for potential future trends. The deepening of this governance model is expected to enhance investor confidence and price stability. The election process will select three final candidates, who will then be voted on by the community to choose the leader. It is worth noting that the core team will maintain oversight over the community through a veto mechanism, and this structure aims to enhance transparency and community trust while balancing Decentralization.

[Conclusion] The breakthrough of key technical patterns and bullish targets resonates, combined with an epic increase in token burning rates, the implementation of DAO governance elections, and a surge in Whale on-chain activities, these three engines are driving Shiba Inu to accumulate breakthrough potential. If the current resistance level of $0.00001313 is effectively overcome, along with the token empowerment effect brought by the governance elections and the continuous deflationary burning mechanism, SHIB is highly likely to initiate a 156% level rebound as predicted by analysts. As a leading Meme governance token, this governance upgrade of Shiba Inu and the movements of Whales will become an important window to observe the actual effectiveness of decentralized community governance and on-chain capital games. Investors need to closely monitor the breakthrough of key resistance levels and track on-chain data.

SHIB3.86%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)