Shiba Inu (SHIB) Price Is Primed to Go Up, Says Analyst

Crypto analyst $SHIB KNIGHT has stated that Shiba Inu appears ready for a price increase, sharing a chart to support his outlook. In a recent tweet, he wrote succinctly, “$SHIB is primed to go up,” attaching a price chart of SHIB/USDT that highlights what he interprets as strengthening momentum.

The chart shows Shiba Inu trading at approximately $0.00000641 against Tether at the time of the post, reflecting a modest intraday gain of 1.42%. Price action on the chart indicates a recent recovery following a sharp downward move.

After experiencing a steep decline that pushed the token below $0.00000550, SHIB rebounded and formed a sequence of higher lows. The most recent candles suggest renewed buying pressure, with price climbing back toward the $0.00000650 area.

A large upward arrow drawn on the chart emphasizes the analyst’s projection of further gains, with a potential move toward the $0.00000750 to $0.00000800 range. The chart’s visual framing focuses on short-term reversal structure, as price consolidates following a rebound from local lows.

Burn Activity Shows Notable Increase

Recent on-chain data provides additional context to the broader SHIB narrative. According to a Times Tabloid report published on February 14, Shiba Inu recorded a significant rise in daily token burn activity.

A total of 838,872 SHIB tokens were permanently removed from circulation during that period. This represented a sharp increase compared to the previous day, when fewer than 500 tokens were burned.

Although the percentage increase in burn activity was substantial, the absolute number of tokens removed remains small relative to the project’s overall supply. Blockchain records indicate that the burn transactions were executed through two closely timed transfers originating from the same intermediary address before being sent to the official burn wallet. These tokens are now permanently inaccessible.

With this latest activity, the cumulative number of burned SHIB tokens stands at approximately 410.75 trillion, accounting for roughly 41% of the original maximum supply of 999 trillion tokens. While the recent burn does not materially alter supply dynamics in isolation, it contributes to the long-term reduction trend frequently cited by supporters.

Accumulation Phase and Longer-Term Outlook

Adding to the discussion, market analyst Vuori Trading recently suggested that Shiba Inu may be in the final stage of an accumulation phase.

According to his assessment, price behavior during this period can discourage participation and reinforce bearish sentiment, even as longer-term positioning potentially takes place. He has set a price target of at least $0.00014, representing a projected 22-fold increase from lower levels.

Taken together, $SHIB KNIGHT’s technical observation, the latest burn statistics, and accumulation-based analysis from other market participants present a narrative in which some analysts viewed Shiba Inu as approaching a potential upward phase. Whether the anticipated breakout materializes will depend on broader market conditions and sustained buying pressure in the sessions ahead.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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