Shiba Inu (SHIB) is holding near $0.0000059, with the MACD turning positive and buying activity strengthening across the chart during the current session. At the same time, the token's one-cent target remains closely tied to its circulating supply, keeping burns, adoption, and supply reduction central to the wider long-term debate.

Supply Math Shapes the One-Cent Debate

The $0.01 target remains centered on SHIB's exceptionally large circulating supply. Roughly 589 trillion tokens in circulation would imply a market capitalization of about $5.9 trillion, a calculation that frames the scale of valuation required at current supply levels.

A Terrarmy post brings this supply issue directly into focus. It notes that one cent is not permanently ruled out by supply, but that reaching that level would require major supply reduction alongside substantial adoption.

The post places the burn narrative at the center of the discussion. According to the figures supplied, more than 410.8 trillion SHIB has reportedly been removed from the original supply, while around 585.5 trillion SHIB remains in circulation. For scale, SHIB's original supply was set at one quadrillion tokens, a magnitude that explains why burn totals and remaining circulation run into the hundreds of trillions.

The gap between burned tokens and remaining supply is significant. Burns steadily reduce the number of tokens available for circulation over time — typically by moving tokens to addresses from which they cannot be recovered — yet the outstanding amount still leaves a large mathematical hurdle for higher valuations.

Momentum Improves Across the Technical Picture

As of writing, SHIB trades around $0.000005916. The token rose 1.74% in 24 hours, total market capitalization climbed to approximately $3.48 billion, and 24-hour volume totaled more than $100,000,000, growing by 16.04%.

Price began the session near $0.00000577 before climbing through several higher intraday levels and hitting a session high of $0.00000605. SHIB then bounced back and pulled back as it circulated in the $0.00000590 area.

The MACD panel shows improving momentum across recent readings. The blue MACD line has moved above the orange signal line, while histogram bars have turned green. The separation remains moderate, meaning momentum expansion is still relatively contained. As its full name — Moving Average Convergence Divergence — suggests, the indicator tracks momentum by comparing two moving averages of price, and a move above the signal line is the configuration conventionally associated with building upward momentum.

Bollinger Band %B adds another layer to the technical structure. The indicator sits near 0.84, placing price toward the upper portion of its range. Earlier readings briefly moved above 1.0 before retreating and later recovering. %B measures where price sits between the lower and upper Bollinger Bands, so readings near or above 1.0 correspond to price pressing against or beyond the upper band.

The $0.000006 Level Becomes a Key Reference

The latest price structure places $0.0000060 at the center of attention. Holding above that level could keep the recent recovery structure intact, and the earlier session high near $0.00000605 provides another nearby reference for price action.

The chart (see TradingView) also shows buyers defending higher levels after sharp intraday pullbacks. SHIB repeatedly recovered instead of returning immediately toward the session low, a pattern that indicates continued buying interest within the displayed trading range.

At the same time, the elevated %B reading signals relatively extended price positioning. A sharp reversal could bring the indicator back toward its midpoint, and the MACD would also become less constructive if its bullish crossover reversed.

The supply debate remains separate from these short-term technical signals. Price momentum can change quickly, while supply reduction and adoption develop over longer periods — a distinction that connects the current recovery with the broader one-cent discussion. With that in mind, the near-term reference points are the ones already on the chart: whether price stays above the $0.0000060 line, whether the MACD separation widens or fades, and whether new burn figures continue to trim the circulating supply.