Shiba Inu (SHIB), is once again capturing investor attention as it inches closer to a potential price milestone—dropping another zero from its decimal value. Although SHIB has previously attempted this feat without sustained success, a new wave of indicators suggests that this time, the coin might have the momentum it needs to make the jump.

Over the past several months, removing a zero from SHIB’s price has been a major topic within the Shiba Inu community. Earlier attempts briefly pushed the token’s value into the four-zero territory, but the gains proved short-lived as bearish pressure brought it back down. At the time of writing, SHIB is trading at approximately $0.00001245, according to data from CoinMarketCap. Although the token is slightly down on both daily and weekly timeframes, its monthly performance remains strong, showing a 3.8% gain.

One of the most promising signs for SHIB’s near-term outlook is the increase in trading volume. In the last 24 hours alone, SHIB saw a volume spike of 11.17%, reaching $142.35 million. This surge in activity suggests renewed interest from both retail and speculative investors, which often precedes stronger price action. As more traders enter the market and build positions, the chances of a sustained breakout continue to grow.

For the Shiba Inu community, erasing a zero is more than just a symbolic milestone—it represents a critical moment in the token’s journey toward broader legitimacy and market acceptance. Historically, such price changes have fueled excitement and further investment from its loyal base of supporters.

Technical analysis is also reinforcing the bullish sentiment. Earlier today, SHIB broke above the 50-day Exponential Moving Average (EMA), reaching around $0.00001295. This particular indicator has often marked significant turning points for SHIB in the past, and a firm move above the EMA could fuel a trend reversal. If buying pressure continues, it may signal the beginning of a more sustained rally.

Adding to the optimism is SHIB’s historical performance during the month of May. According to market analytics platform Cryptorank, SHIB has averaged a 61% increase in May over the past four years. In May 2021, the token famously surged by more than 355%, and even last year, it notched a modest 13% gain. These seasonal patterns have prompted traders and analysts to speculate that another breakout could be on the horizon this month.

Beyond technical signals and seasonal trends, Shiba Inu’s deflationary efforts are playing a significant role in its price outlook. The project’s token-burning mechanism, designed to reduce the overall supply in circulation, has accelerated significantly. Just recently, over 18.8 million SHIB tokens were destroyed in a single day, pushing the daily burn rate up by an astonishing 468,968%. If this burn rate continues or increases, the resulting supply shock could have a tangible effect on the coin’s price in the weeks ahead.

Despite being categorized as a cryptocurrency coin, Shiba Inu has evolved into a more complex and community-driven project. Developers continue to push updates, and ecosystem expansions like Shibarium (its layer-2 blockchain solution) aim to add more utility to the token beyond mere speculation. This combination of technical progress, strong community engagement, and deflationary tactics could help SHIB break through previous resistance levels.

In a crypto landscape that often shifts rapidly based on market sentiment, Shiba Inu is showing signs of resilience and renewed strength. Whether it can successfully erase another zero and sustain its gains remains to be seen, but the building blocks for a major price move are clearly falling into place. For both seasoned crypto investors and cryptocurrency coin enthusiasts, SHIB’s next move could be one of the most watched events of the month.