Shiba Inu (SHIB) has seen a recent price drop, but remains a top crypto pick for analysts and traders alike. A surge in burn rate, bullish technical formations, and long-term investor confidence are driving optimistic expectations for a significant rally this cycle. 10x to 15x gains are predicted by some analysts, citing the token’s historical performance and increasing buy pressure. Technical indicators suggest a hidden bullish divergence, potentially indicating growing buying power even as momentum appears weak. 24-hour burn rate is up sharply, with over 2.2 million SHIB tokens burned in the last 24 hours, further contributing to supply scarcity. Long-term holders have increased steadily since mid-2022, providing stability and reducing the likelihood of short-term selling pressure. The current price levels, despite the recent correction, are seen as a launchpad for a sustained uptrend. The market is awaiting confirmation of this bullish momentum with key resistance levels around $0.000030 to $0.000081. If SHIB manages to overcome the current hurdle, it could pave the way for a significant price breakout. The article details a recent analysis from Crypto influencers, Javon Marks and Illusion X, who predict an explosive 10x-15x rally in the near future based on technical patterns and long-term investor confidence. IntoTheBlock data shows increased holdings of tokens for more than a year, signifying sustained buy-in and increasing conviction in the asset’s future value. This shift in holding patterns suggests that investors are shifting towards long-term strategies, further fueling optimism about SHIB’s upward trajectory. The article provides insights into the factors contributing to Shiba Inu’s potential breakout. The upcoming price surge is expected to be driven by a combination of increased burn rate, bullish market momentum, and the sustained commitment of long-term investors.