Shiba Inu (SHIB) price trades at a four-day high as rising network activity drives a surge in the burn rate.

Shiba Inu (SHIB) price is trading at a four-day high as Bitcoin's rally past $99,000 fueled positive sentiment around altcoins, especially meme coins. The four-hour SHIB chart shows that this top meme coin is now targeting the resistance level at $0.0000134, and if it manages a breakout from this level, it may surge to a two-week high of $0.0000147.

However, if the price trends lower, support levels are present at the 200-hour Exponential Moving Average (EMA) and the lower band of the Bollinger Bands.

Among the factors driving the Shiba Inu price gains is the surging burn rate. Data from Shibburn shows that over 67 million of the meme token's supply has been burned in one week, with the 24-hour burn rate soaring by 3000%.

If the burn rate were to hit 1 trillion every day, it will take about a year to burn 365 trillion SHIB, which is roughly 62% of the circulating supply. Per Grok3,

"Burning 1 trillion SHIB tokens daily could theoretically increase the price by 167% in one year to $0.000037, assuming constant market cap, with potential for higher gains if demand surges."

A drastic decline in the supply will also eliminate market cap constraints, allowing the Shiba Inu price to hit psychological levels of $0.01 or $0.001.

For Shiba Inu to get to a 1 trillion SHIB burn rate, the ecosystem would have to experience exponential growth. Moreover, activity on the Shibarium layer two network will have to compete with top layer twos like Polygon or Arbitrum.

Currently, Shibarium's $3 billion TVL milestone is at play after a steady surge over the last month. This growth coincides with a twofold spike in SHIB transaction volumes, as Shibscan data reveals.

If Shibarium's TVL can balloon past $1 billion and emerge among the top layer twos as adoption grows, the meme coin can achieve 1 trillion token burns.

Shiba Inu price has formed a cup and handle pattern on the daily chart, and it currently eyes a breakout past the handle's resistance. If it manages to break out, it will signal a bullish Shiba Inu price prediction and support an uptrend towards $0.000017.

The DMI supports the likelihood of the uptrend continuing with the +DI line (blue) crossing above the -DI line (red), signalling that a bullish trend is now in play. However, traders should remain cautious of the ADX line that signals the current trend is weak and Shiba Inu may drop to test resistance at the handle's breakout point.

To sum up, SHIB price appears to be on a bullish path, after the recent 4% gains and the surging network activity and burn rate. If the momentum holds and Shibarium's usage grows to achieve 1 trillion SHIB burns, the meme coin eyes massive gains to new highs.