SHIB price has surged more than 4% amid a falling wedge on the daily chart, suggesting a possible bullish trend ahead.
By Parth Dubey
Editor Hamza Tariq
Updated
2 mins read
Shiba Inu SHIB $0.000009 24h volatility: 3.4% Market cap: $5.20 B Vol. 24h: $133.90 M saw a 90% drop in its burn rate over the past day, a move that would normally concern traders.
Despite that, the meme coin is trading near $0.000008897, up by over 4% amid a broader crypto market recovery.
SHIB is forming a falling wedge on the daily chart, a possible early sign of a trend reversal. The price has moved above the wedge’s upper line, hinting that sellers may be losing control.
SHIB’s price chart with bullish falling wedge pattern. | Source: Trading View
Bollinger Bands are narrowing, suggesting the potential for a larger move ahead. The next resistance zone sits around $0.00000910 and then near $0.00001012.
If price holds above the wedge and pushes through these levels, SHIB would confirm the return of bulls.
Meanwhile, the MACD lines are close to meeting above the signal line. This is also an early sign of strength.
However, a drop back inside the wedge would weaken the bullish scenario. In such a case, traders should watch for the support near $0.00000755 and $0.00000799.
The positive momentum comes as the SHIB team prepares a major privacy upgrade for Shibarium.
The team’s market lead Lucie recently stated that the platform aims to have full privacy features on-chain by the second quarter of 2026.
The cryptography firm Zama will supply its encryption method. It will allow transactions and smart-contract activity to stay hidden while still working within the network.
This development follows Shibarium’s recent security improvements after the network experienced a breach. Lucie also shared an image confirming that Zama’s public testnet is live on Ethereum’s ETH $3 076 24h volatility: 2.7% Market cap: $371.28 B Vol. 24h: $16.83 B Sepolia network.
Zama → Shibarium Privacy upgrade incoming
That means that before the end of Q2 2026, we could finally get full on chain privacy and confidential smart contracts on Shibarium and Bone thanks to Zama’s Fully Homomorphic Encryption tech. pic.twitter.com/0uc4qNZ2co
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) November 27, 2025
Shiba Inu has also signed a deal with NVIDIA-backed TokenPlay AI. The latter will build a Shiba-themed app and feature interactive gaming and reward systems for SHIB holders.
It will also give creators tools to easily create apps and small games without coding.
IT’S TIME!! 🚨
The official @Shibtoken mini-app has just launched on TokenPlay AI.
The internet is NOT ready for what comes next. 🔥
This is $SHIB plugged directly into AI infrastructure, running on the Token OS that turns any token into an intelligent, monetizable mini-app.… pic.twitter.com/8mZB9iYhmD
— TokenPlay.ai (@TokenplayAI) November 27, 2025
Analysts believe that the leading meme coin could see strong demand, with higher use across gaming and community apps.
These updates come during a period of steady work from the Shiba Inu team. This includes updates to Shibarium’s developer hub in early July that helped increase daily activity.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
