Shiba Inu Price Prediction: As SHIB Burns 2.6 Million Tokens, Traders Flock To This AI Pepe For Its 435% APY

The Shiba Inu price has slumped 3% in the last 24 hours to trade at $0.00001601 as of 3:30 a.m. EST on a 45% plunge in trading volume to $319 million.

This drop in the SHIB price comes despite its burn mechanism, which is designed to reduce supply and increase value. With only 2.6 million SHIB burned recently, concerns are mounting over the token’s long-term viability.

Shiba Inu Price Rebounds From A Support Zone Within A Channel

The SHIB/USDT 1-day chart shows a falling wedge pattern, a classic bullish structure that often signals a potential trend reversal. SHIB is currently trading just above a critical support zone marked in yellow. This area has consistently attracted buying interest, serving as a safety net for the price in previous declines. The wedge and support zone combination suggests that SHIB may be nearing the end of its downward trajectory, setting the stage for a potential breakout.

SHIBUSDT Analysis Source: TradingView

If the bullish reversal continues, the first major target price is around $0.00002442. This level aligns with the falling wedge’s projected breakout potential, representing a significant upside from current levels. Additionally, the $0.00002000 mark may act as an intermediate resistance, as it coincides with the wedge’s upper trendline and is a psychologically important level for traders. A move above this resistance could accelerate bullish momentum, pushing SHIB toward its target.

Meanwhile, the Relative Strength Index (RSI) is currently at 33.87, which places SHIB close to oversold territory. Oversold RSI readings often signal that selling pressure is waning, and a rebound is likely. This further strengthens the case for a potential price recovery, especially if accompanied by increased trading volume and positive market sentiment.

However, traders should exercise caution as maintaining the support zone is critical. If SHIB fails to hold this area and breaks downward, it would invalidate the bullish setup. The Shiba Inu price could drop in this case, with the next potential support being near $0.00001000. SHIB is at a decisive point. The falling wedge, oversold RSI, and robust support zone all point to a potential bullish reversal, with a target price of $0.00002442.

New AI Agent Pepe Races Toward $6 Million In Presale – Best Crypto To Buy Now?

As Shiba Inu’s price begins to rebound, the AI-powered meme coin MIND of Pepe (MIND) continues to surge, with its presale rapidly approaching the $6 million mark.

Inspired by the success of PEPE-themed tokens like Pepe Unchained (PEPU) and Wall Street Pepe (WEPE), which raised millions in their presales, MIND of Pepe stands out as the first AI-powered derivative of the PEPE brand.

There can only be one. $MIND pic.twitter.com/BrjBU4BS2o

— MIND of Pepe (@MINDofPepe) February 4, 2025

By combining the widespread appeal of frog-themed tokens with the growing interest in AI-powered crypto projects, MIND aims to drive rapid adoption. Its advanced AI monitors platforms like Crypto Twitter to deliver early trading insights to its community.

A crypto analyst from 99Bitcoins, a YouTube channel with over 724K subscribers, predicts that MIND of Pepe has the potential to achieve a 20X surge post-launch.

This bullish outlook is supported by the project’s staking program, offering presale buyers an annual return of 435% if they lock up their tokens at this early stage.

Currently priced at $0.0032662, MIND can be purchased using ETH, USDT, BNB, or a bank card via the simple buy widget embedded on its website.

With a price increase scheduled in 14 hours, investors looking to get in on the lowest presale rate are encouraged to act quickly.

Buy MIND tokens here before the next price increase.

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