TLDR:
- SHIB price stabilizes near $0.00000980 after October lows around $0.0000075.
- Immediate support stands at $0.00000950; critical support is $0.00000840.
- Resistance levels include $0.00001000, $0.00001300, and historical $0.00001510.
- Shibarium adoption and token burns are driving network activity and scarcity.
Shiba Inu (SHIB) has recently shown modest recovery after hitting October lows near $0.0000075. Data from CoinGecko reports the token trading around $0.00000980, reflecting a 0.54% increase in the past 24 hours.
Weekly performance is stronger, with SHIB up 9.12% over seven days amid broader crypto market movements. Analysts note that the Shibarium network and ongoing token burns could play a key role in upcoming market dynamics.
SHIB Price Support and Resistance Levels
Current trading activity suggests SHIB is consolidating above immediate support at $0.00000950. Critical support stands at $0.00000840, with potential downside targeting $0.00000680 if breached.
On the upside, psychological resistance exists at $0.00001000, followed by a key hurdle near $0.00001300. Historical supply zones extend up to $0.00001510, providing additional resistance for bullish momentum.
The token’s recent accumulation phase has been highlighted by investors on social platforms, with some continuing dollar-cost averaging. Trading volume remains active, with $172,908,684 exchanged over the past 24 hours according to CoinGecko.
Analysts observe that price stability near support levels is key for short-term accumulation strategies. Layer-2 adoption through Shibarium may further influence market behavior in coming months.
Shibarium network maturity is expected to drive millions of daily transactions, which in turn fuel ongoing SHIB token burns.
Data shared by crypto commentators indicate aggressive burn mechanisms could increase scarcity, impacting future price dynamics. These token burns coincide with expanding ecosystem projects, including gaming and metaverse applications. Traders are closely monitoring network metrics to gauge potential supply pressure.
Market factors, including Bitcoin and Ethereum momentum, continue to influence SHIB price movements.
Analysts emphasize that global bullish trends may provide a tailwind for the memecoin. Shiba Inu’s integration into the broader crypto ecosystem, paired with strategic token burns, is seen as a structural driver rather than purely speculative activity.
Community engagement and adoption remain central to SHIB’s trajectory.
The Countdown is ON: $SHIB 2025/2026 Forecast
The next major bull cycle is not just about hype—it’s about the Shibarium foundation built during the bear market.
The Catalyst: Continued, aggressive $SHIB token burns driven by Layer-2 adoption and utility. Scarcity is… pic.twitter.com/i7KkfgaSNb
— CB
BNB (@JamesWaynn) November 12, 2025
Shibarium Adoption and Ecosystem Growth
Shibarium’s adoption has accelerated, attracting daily transaction volumes that reinforce network utility.
The network supports multiple projects, contributing to wider ecosystem activity. Analysts note that such adoption can enhance SHIB’s real-world utility beyond speculative trading.
Burning mechanisms tied to Layer-2 transactions are expected to reduce circulating supply gradually. Investors highlight that scarcity is a key factor in market dynamics for memecoins.
Shibarium’s infrastructure allows seamless transaction processing while incentivizing token retention. Integration with metaverse and gaming projects offers additional avenues for adoption and utility.
Ecosystem growth is supported by official projects and third-party integrations that rely on SHIB. Data from blockchain analysts show increasing daily activity on Shibarium as adoption expands. These developments can influence long-term token economics, particularly supply-demand dynamics.
The post Shiba Inu’s SHIB Price Shows Signs of Recovery Amid Shibarium Growth appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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