The Shiba Inu coin price has become trending news this week after on-chain data revealed that billions of SHIB tokens, about 1.45% of the total supply, were withdrawn from exchanges. This massive outflow shows that investors are confident, as large holders often move tokens into self-custody during accumulation phases. And with rising burn rates and unusual exchange activity, the community’s optimism seems to be gaining traction once again. But as attention turns toward SHIB’s next move, one cross-chain payments project, Remittix, is quietly building momentum of its own.
What you'll learn 👉
Shiba Inu Coin Price Nears Critical Support
Shiba Inu’s price is $0.00001014 and is currently in the shape of a descending wedge. The lowest point of the shape is near $0.0000095, and the area where the token’s price will fluctuate the most is $0.0000110 to $0.000012. The RSI is at 37, and this indicates that there is a lot of selling happening; this may cause a short-term increase in the token’s price.
Still, not all analysts are convinced. Popular TradingView analyst Lingrid has remained cautious, arguing that as long as SHIB is below $0.0000110, it could potentially drop to $0.00000865. However, she emphasized that passing $0.00001108–$0.00001136 could allow SHIB to reach $0.000012 and even higher.
Source: Lingrid on TradingView
Unusual Coinbase Transfers Raise Interest
To make matters even more interesting, more than 1.26 trillion SHIB tokens, approximately $12.7 million, were recently moved around Coinbase wallets, according to Arkham data. All these were split into several large bits (551.6B, 414.8B, 240.5B, 238.6B, and 220.4B tokens) that were routed to empty addresses, which were subsequently emptied.
This may merely be a case of internal repositioning; however, the amount of tokens moved has aroused speculation that large participants are strategizing in the expectation of some wider move in the market. Bullish expectations were further reinforced by the fact that Shiba Inu burn rate has increased by over 2,700% within the past 24 hours, Shibburn data shows. More than 4.7 million SHIB tokens were burned in the process, which decreased the supply in circulation to approximately 585 trillion.
Community-led burn campaigns and Shibarium’s on-chain fee mechanisms continue to drive supply deflation, which long-term holders see as key to sustainable growth. Historically, serious burn increases have come with investors taking an interest in the token. If SHIB passes $0.0000110, it could reach $0.0000135. This price could help the token increase even more.
What Else are Investors Watching?
While traders debate the next Shiba Inu coin price breakout, some investors are paying attention to other projects like Remittix (RTX). This cross-chain PayFi ecosystem bridges crypto and regular currency systems, aiming to make international transfers faster, cheaper, and more efficient. Unlike many crypto projects, Remittix focuses on actual utility. Its upcoming web app and wallet will allow users to send and receive crypto payments internationally seamlessly. The platform’s staking and reward system also encourages community participation, and this helps to build long-term trust and not just temporary hype.
Closing Thought
As the Shiba Inu coin price is trading near key support levels, many investors are paying attention to see if the token will come out of its descending wedge formation. The massive token outflows from exchanges, surging burn rate, and ongoing Coinbase activity suggest that SHIB’s next move could be significant. But beyond short-term market moves, emerging blockchain projects like Remittix are quietly reshaping what real utility looks like in the crypto world.
Discover the future of PayFi with Remittix by checking out their project here:
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