Shiba Inu (SHIB) is once again a hot topic in the crypto space as traders speculate whether the meme coin can reach the coveted $0.01 mark. While some analysts believe it is possible in the long run, current market conditions suggest the journey will be long and uncertain.

SHIB is currently trading at $0.00001324, marking a 1.56% gain in the last 24 hours. However, it remains 81.77% below its all-time high of $0.0000725. To gain significant momentum, the token requires substantial changes, particularly in supply reduction and demand increase. One major development is the recent 62,000% spike in SHIB’s burn rate. Over 459 million SHIB tokens were burned in a single transaction, further reducing the circulating supply. Since its inception, over 410 trillion tokens have been burned, leaving 589 trillion in circulation. While this effort helps SHIB’s long-term prospects, analysts argue that reaching $0.01 would demand even more aggressive burns and increased investor interest.

Market experts are divided on SHIB’s future price trajectory. Lucie, SHIB’s marketing lead, remains optimistic but has refrained from giving a specific timeline. Luis Delgado (Del Crxpto) sees a potential pattern similar to Dogecoin (DOGE), which skyrocketed within four years. AI models, on the other hand, provide varying predictions: Changelly suggests SHIB could hit $0.01 by 2040, Grok AI estimates around 2030 or later, while ChatGPT presents a best-case scenario of 5–10 years, with 10–20 years being a more realistic range.

From a technical standpoint, SHIB’s price movement is forming a falling wedge pattern, which historically signals a bullish reversal. The Relative Strength Index (RSI) has broken a key trendline, showing growing momentum, while the Percentage Price Oscillator (PPO) recently formed a bullish crossover. If SHIB sustains levels above $0.0000145, it could target $0.0000165-$0.0000170 as its next resistance. A breakthrough beyond this level could see SHIB rising toward $0.000020, a 60% surge from current prices. Additionally, macroeconomic factors, such as potential Federal Reserve interest rate cuts, could further drive speculation and push SHIB’s value higher.

Despite its challenges, Shiba Inu continues to capture investor interest, fueled by its growing ecosystem and aggressive burn strategy. However, while price predictions remain optimistic, patience and significant supply reductions will be critical for SHIB to make its long-awaited leap toward $0.01.