SHIB burn rate soared a significant 284.37% in the past 24 hours with 12.5 million SHIB burned. An analyst said that SHIB has seen strong demand in January and formed a W bullish reversal pattern. The SHIB RSI reads a value of 37.67 which confirms that the sellers are currently in charge of the price action. Shiba Inu (SHIB) has underperformed compared to rival meme coins like Dogecoin (DOGE) and Pepe (PEPE) this cycle, leaving investors frustrated. While other meme coins saw exponential gains, SHIB is up 99% year-to-date, with a market cap of $10.94 billion. CoinMarketCap data shows SHIB’s 24-hour trading volume jumped 18%, while its price rose 2% to $0.0000186. Meanwhile, the burn rate surged 284.37%, with 12.5 million SHIB permanently removed from circulation. To date, a staggering 410.743 trillion SHIB have been burned. Is SHIB Gearing Up for a Breakout? According to InvestingHaven, a market analyst on X (formerly Twitter), SHIB stands out in 2025, maintaining strong investor demand despite a 20% decline in January. The analyst highlighted a bullish “W” reversal pattern , which could drive SHIB toward $0.0001 if momentum holds. From the c… The post Shiba Inu 2025 Price Prediction—Can SHIB Hit $0.0001? appeared first on Coin Edition .