Shiba Inu Ignites November Rally: Price Surge and Massive Burns Signal Epic Rebound
Shiba Inu (SHIB) is roaring back into the spotlight, starting November with renewed energy after a challenging October. The beloved meme-inspired cryptocurrency has surged 1.4% in the last 24 hours, climbing to $0.00001023 and pushing its market capitalization beyond $6 billion. For the SHIB Army, this marks a strong comeback and a signal that their patience might soon be rewarded.
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Burn Rate Explosion Fuels Deflationary Momentum
One of the key drivers behind SHIB’s latest surge is its skyrocketing burn activity. Over the past week alone, a staggering 61 million SHIB tokens have been permanently removed from circulation—a 139% increase compared to the previous week. Just yesterday, more than 1 million tokens were torched, shrinking the total supply to 589 trillion.
According to Shibburn’s latest update, this sustained burn rate acts as powerful deflationary pressure, boosting the token’s scarcity and long-term value. With global liquidity trends on the rise—M2 money supply up 8% year-to-date—SHIB is perfectly positioned to capitalize on a risk-on market environment that favors speculative assets.
Technical Analysis Suggests a Major Breakout
Analysts are spotting clear bullish patterns forming across the charts. Crypto trader Saraah identified a textbook falling wedge breakout, a pattern that often precedes strong upward movement. SHIB’s trading volume has increased significantly as it hovers near crucial support levels, paving the way for potential targets of $0.0000105 (short-term), $0.000011 (mid-term), and $0.0000122 (long-term)—representing a 26% potential upside if Bitcoin maintains stability above $107,000.
On-chain researchers at Brave New Coin also project SHIB’s possible rise to between $0.0000176 and $0.000021 by mid-2026, assuming the burn rate and liquidity inflows continue their upward trend.
Institutional Interest and Historical Tailwinds
Institutional developments have further strengthened SHIB’s market narrative. T. Rowe Price’s ETF filing includes SHIB alongside Bitcoin (BTC) and Ethereum (ETH), signaling growing mainstream recognition. Moreover, SHIB’s inclusion in Grayscale’s “Consumer & Culture” sector provides additional legitimacy, potentially opening doors for broader investor participation.
Read Also: Ripple CEO Foresees a Massive Future for XRP
Historically, November has been kind to SHIB. After dips in 2021 and 2022, the token recorded gains of 6.6% in 2023 and an impressive 48.8% in 2024. With its vibrant community and bullish technical setup, 2025 could continue that trend.
Community Excitement and Ecosystem Growth
Social media buzz around SHIB is reaching fever pitch. On X (formerly Twitter), holders are celebrating the comeback with chants of “late bloomer gains” as new wallets join the network daily. Meanwhile, Shibarium, the project’s Layer-2 solution, continues to enhance scalability and functionality—laying the foundation for sustainable ecosystem expansion.
For loyal SHIB supporters, this isn’t just a short-term rebound; it’s the beginning of a larger movement. The combination of burn momentum, institutional visibility, and community strength could set the stage for a remarkable fourth-quarter rally.
Final Thoughts
As November unfolds, all eyes are on Shiba Inu to see if it can sustain its rally and reclaim higher price levels. With strong fundamentals, technical optimism, and unwavering community backing, SHIB could once again prove why it remains one of the most resilient assets in the crypto landscape.
Disclaimer: This article does not constitute financial advice. Cryptocurrency investments carry significant risk. Always conduct your own research before investing.
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Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you’re a seasoned investor or just starting out, Cryptolifedigital’s analysis offers valuable insights into the world of cryptocurrency.
