Shiba Inu ($SHIB) Crypto Forecast: Up 5.1% Today

What is Shiba Inu?

Shiba Inu (SHIB) is a meme cryptocurrency token that gained significant popularity in the crypto market due to its community-driven nature and cute Shiba Inu dog logo. The overall cryptocurrency market has been experiencing bullish momentum, with meme coins like SHIB, Dogecoin, and Pepe rallying.

Why is Shiba Inu going up?

SHIB crypto is up 5.1% on Jun 10, 2025 12:21

• SHIB experienced a strong bullish movement, with its price rebounding and extending its recovery from a support level.
• The on-chain wallet record for SHIB was broken, indicating increased activity and interest in the token.
• Despite the positive movement in SHIB, the overall meme coins market capitalization dropped, showing a divergence in performance among different tokens.
• The market movement of SHIB could be attributed to the renewed interest in meme coins, the support from the community, and the overall bullish sentiment in the cryptocurrency market.

SHIB Price Chart

SHIB Technical Analysis

SHIB News

Meme Coins Rally Begins: Dogecoin, Shiba Inu, Pepe regain momentum as risk-on sentiment thrives

Meme coins market capitalization surged over 6% on Tuesday, surpassing $62 billion. Dogecoin (DOGE) and Shiba Inu (SHIB) recorded a rise of over 5% on Monday, while Pepe (PEPE) experienced a jump of over 8%.

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Shiba Inu breaks on-chain wallet record as price rebounds

Shiba Inu (SHIB) appears to be extending its recovery from the support level of around $0.00001188, which was tested on Thursday. The meme coin hovers at around $0.00001253 at the time of writing on Monday, up almost 6% since it lifted from its support level.

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Fartcoin Jumps 4% While Dogecoin, Shiba Inu Fall - 'Outperformance Is Undeniable,' Says Trader

Fartcoin ranks among the top three crypto gainers, contrasting with declines in Dogecoin and Shiba Inu. Traders highlight strong performance despite drawdowns, with Coinbase listing sparking fresh momentum. Ready to turn the market's comeback into steady cash flow? Grab the top 3 stocks to buy ...

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Shiba Inu Slides 4.5% On The Week: Why Is It Going Down?

A long-inactive Shiba Inu whale just deposited 100.45 billion SHIB into Binance, netting a $311,000 profit. If SHIB grows just 5% monthly, it could reach $0.000224 by 2030, eliminating a zero from its price. Get the Strategy to Trade Pre-Fed Setups and Post-Fed Swings-Live With Chris Capre on ...

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Meme coins to watch: Dogecoin and Shiba Inu prepare to take off with bullish divergence at play

Meme coins market capitalization has dropped by over 5% to $56.34 billion in the last 24 hours, with top names such as Dogecoin (DOGE) and Shiba Inu (SHIB) declining further in a falling wedge pattern.

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Shiba Inu Price History

23.04.2025 - SHIB Crypto was down 5.1%

• The significant increase in Shiba Inu burn rate and the burning of 1.1 billion SHIB tokens in one week could have contributed to a decrease in the token's circulating supply, potentially impacting its price negatively.
• Reports on Congress members not being able to buy cryptocurrency might have created uncertainty and negative sentiment around the regulatory environment for cryptocurrencies, including SHIB.
• Updates about altcoins exiting exchanges and the potential impact on major cryptocurrencies like Ether, XRP, Solana, Cardano, and Shiba Inu could have led to a shift in investment focus away from SHIB, causing a bearish movement.
• The mixed signals surrounding SHIB and the Web3 ai giveaway generating FOMO might have added to the overall confusion and volatility in the market, leading to a bearish trend for Shiba Inu.

09.05.2025 - SHIB Crypto was up 5.3%

• SHIB's price rose to around $0.00001253 today, marking a nearly 6% increase from its recent support level. Factors contributing to this bullish movement include:
• Growing investor confidence as SHIB continues to recover.
• Positive market sentiment towards meme coins like SHIB despite declines in other tokens.
• Potential uptrend indicated by the bullish divergence pattern in meme coins.
• Increased interest from new investors attracted by SHIB's community-driven model and the popularity of meme cryptocurrencies.

30.04.2025 - SHIB Crypto was down 5.2%

• Today's downward movement in SHIB may stem from profit-taking by investors following a period of volatility and speculative trading.
• Discussions around potential price rallies and technical patterns may have raised traders' expectations, ultimately resulting in a sell-off when those expectations were not met.
• The temporary stabilization of other meme coins like Dogecoin and Pepe at crucial levels might have diverted attention and investment from SHIB, impacting its price negatively.
• A surge in Open Interest and technical analysis pointing to an imminent price shift could have prompted short-term traders to take positions, leading to increased selling pressure on SHIB.

19.04.2025 - SHIB Crypto was down 5.2%

• The downturn in SHIB's value today may have been influenced by various factors:
• The departure of a notable whale investor alongside indications of a slowdown in the RSI trends, despite a recent surge, potentially prompted profit-taking and selling activity.
• Speculation and uncertainty among investors could have arisen due to a substantial burning of SHIB tokens within a single day, impacting confidence in the token's future trajectory.
• The upcoming launch of SHIB L3 Alpha by the development team appears to have elicited a mixed response, with some investors viewing it positively while others adopting a more cautious stance regarding its potential impact on the token's market value.

19.04.2025 - SHIB Crypto was down 5.1%

• The bearish movement in SHIB today could be attributed to whale exits, indicating large holders selling off their positions, causing a downward pressure on the token's price.
• Despite the positive rally, the RSI trends suggesting a slowdown might have spooked some investors, leading to profit-taking and contributing to the bearish movement.
• The overall sentiment around meme coins like SHIB seems to be fluctuating, promoting other meme coins for potential gains, possibly diverting attention and investment away from SHIB.
• The mention of SHIB MVRV signals easing losses could indicate a temporary relief for the token, but the overall market sentiment and whale exits might have overshadowed this positive signal, resulting in the bearish movement today.

24.04.2025 - SHIB Crypto was down 7.2%

• The significant increase in SHIB burn rate, with billions of tokens being destroyed, has led to a supply shortage, potentially driving up the token's value.
• Congress members being discouraged from investing in cryptocurrencies may have created uncertainty and negative sentiment around SHIB and the overall crypto market.
• The discussion around altcoins exiting exchanges and its potential impact on major cryptocurrencies like Ether, XRP, Solana, Cardano, and SHIB could have caused a shift in investment focus away from SHIB, contributing to its bearish movement today.

21.04.2025 - SHIB Crypto was up 5.9%

• SHIB showed a strong bullish movement despite concerns of scams from its executives, demonstrating resilience in its market sentiment.
• The surge in SHIB's price followed by a significant reversal could be linked to whale activity turning bearish, suggesting substantial holders may have taken profits.
• While Bitcoin and Dogecoin saw gains, XRP faced challenges, reflecting varied performance in the cryptocurrency market.
• The potential sustainability of Bitcoin's recent price surge crossing $100K, as indicated by charts, may have had a positive impact on overall market sentiment, also benefiting SHIB.

22.04.2025 - SHIB Crypto was up 5.2%

• SHIB experienced a strong bullish movement despite warnings about scams from its executives, showing resilience in market sentiment.
• The price surge in SHIB may be linked to positive market sentiment influenced by the overall uptrend in cryptocurrencies like Bitcoin and Dogecoin.
• A reversal in SHIB's price following bearish whale activity indicates that significant holders may have sold off, causing a temporary decline.
• References to 'Back To The Future' by Michael Saylor in support of Bitcoin and SHIB showcasing its DeLorean connections likely fueled positive sentiment and speculative interest in SHIB, driving its uptrend.

22.04.2025 - SHIB Crypto was up 5.1%

• Despite concerns about a risky quarter, SHIB surprised by displaying strong bullish momentum.
• A previously published prediction potentially influenced investors initially, leading to a price increase, but amid a market decline, some investors opted to minimize losses.
• Speculation regarding SHIB's price outlook for May 22 fuelled anticipation and played a role in the positive market movement.
• The general optimistic view towards meme coins, exemplified by the success of Dogecoin and SHIB, likely had a favorable impact on SHIB's price despite a recent market dip.

05.05.2025 - SHIB Crypto was down 6.0%

• SHIB saw a significant drop in value today, in line with the trend of other meme coins like Dogecoin and Pepe, which are also facing downward pressure.
• The sharp increase of 2,408% in SHIB's burn rate and the removal of 39.5 million SHIB from circulation in the past day may have led to the bearish sentiment, as investors possibly worry about oversupply.
• Despite the positive development of the burn rate surge, the overall market decline, with Bitcoin falling below $105,000, likely dampened any potential positive momentum for SHIB.
• The stronger performance of other meme coins such as Dogwifhat and Fartcoin might have drawn focus and investment away from SHIB, contributing to its downward movement.

23.04.2025 - SHIB Crypto was up 5.1%

• SHIB showed a notable upward trend today amid optimistic market sentiment in the cryptocurrency space.
• An important update related to Shibarium released by the Shiba Inu team may have stimulated investor interest and trust in the token's future outlook.
• The positive performance of meme-based tokens such as SHIB, Dogecoin, and Floki suggests a growing preference for these assets, with indications from experts pointing to their potential to influence culture and capture significant attention.
• As Bitcoin surged to record highs and other prominent cryptocurrencies maintained their upward trajectory, the general bullish momentum in the market likely played a part in SHIB's rise.

10.05.2025 - SHIB Crypto was up 5.1%

• SHIB experienced a strong bullish movement, with its price rebounding and extending its recovery from a support level.
• The on-chain wallet record for SHIB was broken, indicating increased activity and interest in the token.
• Despite the positive movement in SHIB, the overall meme coins market capitalization dropped, showing a divergence in performance among different tokens.
• The market movement of SHIB could be attributed to the renewed interest in meme coins, the support from the community, and the overall bullish sentiment in the cryptocurrency market.