Trump trade deal boosts overall crypto sentiment.
Open Interest reaches $263 million.
Analyst predicts SHIB could rise 4x from current levels.
Shiba Inu is making a comeback after months of sluggish price action, with data showing a 32% increase over the past month.
The turnaround comes as market sentiment improves, driven by recent macro developments, most notably a new trade deal announced by President Trump.
The meme coin, which had been stuck in a narrow range for most of 2025, is now trading at around $0.00001713 and has seen a spike in trading volume and open interest.
This surge has lifted SHIB’s 24-hour trading volume to $664 million and raised its market capitalisation to just over $10 billion, pushing it to the 15th spot among all cryptocurrencies.
SHIB burn rate drops 97.77% in 24 hours
A key factor behind SHIB’s recent surge was last week’s massive spike in the token’s burn rate.
However, in the past 24 hours, the burn rate has fallen by 97.77%, with just 427,479 SHIB burned during the period.
This comes after earlier spikes created upward price pressure, reducing available supply in circulation.
Open Interest remains high at $260 million, indicating that traders continue to bet on further price movements.
The sustained Open Interest points to growing participation in SHIB’s derivatives market, keeping the asset on traders’ radars.
Technical indicators support an upward trend
Technical analysis points to bullish momentum for Shiba Inu. Trading data shows that while oscillators such as the RSI and Stochastic remain neutral, the MACD and Momentum indicators show clear buy signals.
Key moving averages such as the 50-day and 200-day are aligned in favour of a bullish trend.
Analysts are monitoring these indicators for confirmation of a potential breakout, with current price action suggesting buyers are stepping in on every dip.
Analyst projects breakout target at $0.000081
According to analyst Javon Marks, Shiba Inu’s recent rebound, which has seen it gain nearly 30% in just a few days, could be the start of a much larger move.
He projects a possible 105% rally from current levels, with a breakout target of $0.000081. He also suggests that the price could increase up to fourfold if momentum holds.
Meanwhile, broader crypto sentiment has also been lifted by easing trade tensions between the US and China.
A 90-day tariff truce and signs of negotiation progress have spurred risk appetite among investors, with cryptocurrencies benefiting from the optimism.
The improved macro backdrop has reinforced bullish setups across digital assets, including SHIB.
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