Shiba Inu (SHIB) entered its annual demand zone in recent days on-chain, drawing renewed attention from traders and analysts. Interest stems from the zone’s history of large rallies and recent tokenomic moves that aim to reduce supply.
A single transaction recently burned about 28 million tokens, boosting the burn rate by over 1,100%. (Ed. note: This burn exceeded previous single-transaction totals.)
Whales increased accumulation while exchange inflows also spiked, signaling higher potential volatility for traders. On-chain activity patterns shifted even as network usage metrics weakened.
Historically, the demand zone has preceded large gains, including a move from $0.00000809 to $0.000032 in 2024. That prior rally represented roughly a 296% increase over a short period.
Two resistance levels stand between current prices and the prior peak at $0.000032: $0.00001385 and $0.000021. Clearing both thresholds would match the breakout path seen in the previous cycle.
Network health shows strain, with Shibarium total value locked down sharply from its December peak, according to data shows. Analysts now view the setup as mixed, and traders are watching whether SHIB can sustain demand and clear major resistances in coming weeks.
