Shiba Inu Price Prediction: 61 Million SHIB Burned Overnight – Major Supply Shock Coming?

SHIB just surged 5% following a massive token burn, sparking fresh speculation around a potential supply shock.Could this set the stage for a bullish Shiba Inu price prediction as momentum builds?The second-largest meme coin has now climbed 16% in the past week, riding a broader market rebound that kicked off after a stronger-than-expected U.S. jobs report.With sentiment turning and supply shrinking, SHIB may be gearing up for something bigger.
HOURLY SHIB UPDATE$SHIB Price: $0.00000864 (1hr 0.17% ▲ | 24hr -0.04% ▼ )Market Cap: $5,091,883,962 (0.00% ▲)Total Supply: 589,246,218,190,454TOKENS BURNTPast 24Hrs: 61,833,188 (676.38% ▲)Past 7 Days: 114,424,622 (155.66% ▲)— Shibburn (@shibburn) November 27, 2025
Data from Shibburn, a service that tracks how many SHIB are burned periodically, reported a 676% spike consisting of 61.8 million tokens burned in the past 24 hours alone.Shiba Inu Price Prediction: RSI Sends Early Buy Signal After Winning StreakThe daily chart shows SHIB approaching the upper boundary of its descending price channel, a key level that could define its next move.If the price breaks above $0.0000090, momentum may shift quickly, increasing the chances of a run toward $0.00001050.This zone will likely test whether bulls have the conviction to reverse the current trend.Adding strength to the setup, the Relative Strength Index (RSI) has moved above its 14-day moving average, often seen as an early sign of a potential breakout.On the flip side, if SHIB fails to break through this resistance and gets rejected, a retest of recent lows becomes more likely in the near term.While SHIB gears up for a decisive move, early-stage investors are already rotating into fresh opportunities.One of the hottest presales gaining momentum right now is Pepenode ($PEPENODE), a virtual mining project that turns crypto mining into a reward-driven game. No hardware needed.Players launch and upgrade digital rigs to earn rewards, while every upgrade burns a portion of $PEPENODE forever.Pepenode ($PEPENODE) Introduces a Fun Way to Mine Meme CoinsPepenode ($PEPENODE) eliminates the need to make expensive hardware investments to mine meme coins and gamifies the whole process.Players kick things off by building a virtual server and launching as many mining rigs as they want, turning their setup into a competitive income engine.The goal is simple: climb the leaderboard and earn surprise airdrops of top meme coins like Fartcoin ($FARTCOIN) and Bonk ($BONK) along the way.To boost their earning power, miners can reinvest using $PEPENODE to upgrade their rigs and scale their output.Up to 70% of the tokens used for upgrades are burned permanently, cutting supply and steadily increasing scarcity.With a staking APY of 584% and interest in the game growing fast, demand for $PEPENODE is on track to surge alongside its player base.To buy $PEPENODE before the next price increase, simply head to the Pepenode official website and link up a compatible wallet, such as Best Wallet.You can either swap USDT or ETH for this token or use a bank card to invest in seconds.Visit the Official Pepenode Website HereThe post Shiba Inu Price Prediction: 61 Million SHIB Burned Overnight – Major Supply Shock Coming? appeared first on Cryptonews.