In the midst of a startling 60,000% spike in the SHIB burn, a cryptocurrency market specialist said that the price of Shiba Inu is expected to double.
By demonstrating the potential for enormous gains in the future, the price of Shiba Inu cemented its position as a hotspot on the radars of cryptocurrency traders and investors last Thursday. The meme currency is indicating an impending rally, mostly due to bullish chart patterns and a staggering 60,000% increase in the SHIB burn rate. Notably, the price of SHIB is presently trading at $0.000014, even though several prominent market analysts have forecast that a bull run is imminent.
Shiba Inu price eyes 2x gains? Analyst predicts amid massive burn surge
According to a recent X article by “World Of Charts,” the price of Shiba Inus is aiming for a double increase shortly. This optimistic forecast is explained by the meme coin’s recent patterns, which indicate the possibility of a price rally. The price of the currency is presently trading in a downward channel range, according to the expert. The likelihood of a bull run is strengthened by a persistent breakout above the top trendline in this pattern.
$Shib #Shib Breaking Descending Channel Range, Successful Breakout Could Lead Solid Rally In Coming Days, Expecting 2x After Successful Breakout. pic.twitter.com/V0YNZAI80m
— World Of Charts (@WorldOfCharts1) March 26, 2025
To put it in perspective, a bearish formation with two parallel trendlines dipping downward is called a falling channel pattern. However, if a prolonged breakout above the top trendline persists, the analyst thinks 2x gains are probable. A significant market buzz was immediately echoed by this optimistic forecast, and investor enthusiasm was further strengthened by the most recent burn numbers.
Burn rate shoots up 60,000% as over 1B coins destroyed
Shibburn’s data from March 27 shows that the SHIB burn rate increased by an astounding 57,291.91% inside a single day. In the last 24 hours, more than 1 billion coins were taken out of circulation for good.
Bullish market opinions regarding the meme coin’s price thus acquired more traction. Similar to the law of supply and demand, traders and investors in the cryptocurrency market expect strengthened SHIB price trajectories as a result of the ongoing supply hits.
Shiba Inu price overview
All things considered, the most recent market statistics have sparked an exceptionally optimistic outlook regarding the meme cryptocurrency’s future price characteristics.
However, the price of Shiba Inu is presently trading at $0.00001446, down 1% from yesterday. $0.00001408 was its intraday low, while $0.00001561 was its high. Interestingly, the meme token has increased by around 13% in the past week. Along with current burn measures and price chart patterns, the overall bullish movement suggests that a long-term rise is feasible.
Meanwhile, another prominent market trader, Javon Marks, entered the stage amid these events to forecast an optimistic prognosis for pricing. According to Javon, there are indications that the token’s price is beginning to rise again. The analyst also predicts a possible rise to the $0.000081 price goal.
However, it’s important to note that, despite positive news appearing in the cryptocurrency world, the coin’s futures OI fell by about 11% to $146.68 million, according to Coinglass data. While long-term prospects are still bright, this statistic suggests that short-term market instability is imminent.
The Blockchain Group adds another 580 BTC to Bitcoin Treasury amid stock price surge
The Blockchain Group’s stock has risen 225% since November 2024, and it has completed its largest Bitcoin acquisition to date, acquiring 580 BTC valued at $50.64M.
The Blockchain Group, a French IT company, has increased its Bitcoin holdings by 580 BTC, its biggest buy.
According to a statement released after hours on March 26, the newest acquisition, which was valued at almost $50.64 million based on current pricing, will increase the company’s Bitcoin treasury to unprecedented heights.
The action comes after The Blockchain Group’s shares (ALTBG) surged by 225% after it started hoarding Bitcoin in November 2024.
Blockchain Group’s Bitcoin buys coincide with key crypto market milestones
The company, which is listed on Euronext Paris, bills itself as a worldwide umbrella organization with a focus on decentralized technologies, artificial intelligence, and data intelligence.
The company’s two prior Bitcoin acquisitions were well-timed to coincide with important cryptocurrency occurrences.
On November 5, the day Donald Trump won the U.S. presidential election, it bought 15 BTC in anticipation of a significant surge that saw Bitcoin hit $100,000 by December.
A second acquisition of 25 BTC occurred on December 4, just as market euphoria was building toward Bitcoin’s six-figure milestone, which it achieved the following day.
The timing is noteworthy even if March 26 does not correspond with a specific Bitcoin event.
The transaction is made only weeks before the April 20th anniversary of the Bitcoin halving and five days before the end of Q1 2025, a quarter that has done poorly in comparison to previous first quarters.
The Blockchain Group has said that their Bitcoin accumulation approach is targeted at maximizing surplus cash reserves and leveraging appropriate financing mechanisms.
🟠 The Blockchain Group confirms the acquisition of 580 BTC for ~€47.3 million, the holding of a total of 620 BTC, and a BTC Yield of 709.8% YTD.
→ Confirmation of the acquisition of 580 BTC for ~€47.3 million at ~€81,550 per bitcoin
→ Total group holdings of 620 BTC for… pic.twitter.com/8CCCax4Y39
— The Blockchain Group (@_ALTBG) March 26, 2025
The most recent acquisition was also revealed on the same day that GameStop’s stock increased by around 12% as a result of its own ambitions to acquire Bitcoin and its issuance of $1.3 billion in convertible notes.
This development is being actively monitored by industry analysts. It’s unclear if other businesses would follow GameStop’s example, according to Anton Chashchin, founder of N7 Capital.
Jason Calacanis, an investor, countered that Bitcoin is a desirable alternative for publicly traded firms without scalable business plans.
Recently, MicroStrategy, which is run by vocal supporter of Bitcoin Michael Saylor, reached 500,000 BTC in holdings, indicating a wider trend of corporate adoption.
Pepe Coin rally: Could PEPE erase a zero from its price?
Strong demand is shown by the Pepe coin surge to $0.00000915, futures open interest at $324M, and a 0.73% decline in exchange reserves.
One of the biggest fluctuations in the PEPE meme currency has occurred in recent months. The token broke through the 50-day Exponential Moving Average and is currently hanging at $0.00000915, having risen more than 16% in the last week. This might be a sign that a positive reversal in the trend is emerging, which could result in a surge in the Pepe currency.
Pepe Coin rally continues as price approaches $0.0000100 level
The most popular meme coin During the Pepe coin rally, which witnessed a dramatic 13% increase in only one day, PEPE may remove a zero from its price. A significant technical resistance at the 50-day EMA was broken by the token when it hit $0.00000906.
A boost in bullish momentum is reflected in the RSI’s ascent to 58. Additionally, a breakthrough above the upper Bollinger Band is visible in the price movement. This action is consistent with rising volatility and market activity.
Analyst Satori believes that the recently broken resistance level may establish itself as a new support zone if the existing signs keep moving upward.
🔔 $PEPE Now | Market Watch$PEPE has broken through the upper Bollinger Band🔝 a strong move, while also retesting a previous support-resistance level.📈
If the indicators continue to trend upwards, this could turn into new support, pushing the price even higher. 🚀 pic.twitter.com/TNraOz2vkX
— Satori 🎴 💀 (@Satori_BTC) March 26, 2025
The leading meme coin is poised for a possible explosion, according to experts, who advise investors to buy now or risk losing out on significant returns. Analysts predict a 100% spike for PEPE since it is outperforming other meme currencies and has solid backing.
PEPE futures market shows strong trader interest
At $324 million, PEPE futures open interest reached its highest level since February 2, 2025. Compared to prior levels in March, when it was $166 million, this is a significant increase. More active futures holdings are indicated by an increase in open interest. It shows that amid the current Pepe coin surge, derivatives traders are becoming more interested in the leading meme currency.
Furthermore, according to Nansen statistics, PEPE exchange reserves decreased by 0.73% in the previous week. There are now 240.7 trillion tokens in circulation on exchanges. It appears from this trend that investors are taking their assets off the exchanges. Lower short-term sell pressure and long-term holding behavior are frequently indicated by reduced reserves.
Next resistance levels and technical outlook
At $0.00001094, the next price resistance is located. The PEPE Coin surge may test $0.00001180, a level that served as a support zone in the past, if it is broken. The price of PEPE started to rise after reaching $0.000005895 on March 10, which was the same as its August 2023 low. Technical strength and investor positioning during the Pepe coin boom have helped it climb consistently ever since.
Pepe Coin is also developing an inverse head and shoulders pattern, a traditional bullish reversal indicator that signals a breakout, according to a recent research. A verified rise over the $0.0000075 neckline, according to analysts, may lead to a significant spike; some even forecast a 40x meme coin increase.
The price of the Pepe currency was $0.000008430 at the time of writing, up 5.59% over the previous day. The market capitalization increased by 5.60% to $3.54 billion, while its 24-hour trading volume increased by 96.50% to $1 billion.
