Mr. Amin

07/28 00:29

Why Shiba Inu Price Is Up Today Shiba Inu price

Why Shiba Inu Price Is Up Today

Shiba Inu price suddenly jumped 6% today amid new crypto market trends and ecosystem changes. Read more here.



Highlights

Shiba Inu price jumped 6% amid the recovery of the overall crypto market.

SHIB whale accumulation, Shibarium upgrade, and ETH-based momentum contributed to the price rise.

Despite the rally, technical patterns are showing mixed signals, but experts expect a breakout in the future.

Meme coins are making waves in the crypto market once again, with Shiba Inu price up nearly 6% today. After a slight dip in the overall crypto market, bulls have celebrated a comeback and supported investor greed with a fresh price rally. The SHIB uptrend is currently in the spotlight as rumors have emerged that these meme-related cryptocurrencies may never make a comeback.  Here’s Why Shiba Inu Price Soared 6% Today

After the major crypto crash, green is dominating the overall market, pushing the market cap to $3.86 trillion, up nearly 2%. Along with this, Bitcoin is back above the $117,000 mark, and Shiba Inu is up 6%, a significant jump in price today.

Notably, this jump is driven by the overall recovery of the crypto market, but there is an addition to this momentum. Shibarium has recently launched updates such as gas fee sponsorship (Shib Paymaster), staking updates (staking 2.0), and more. Additionally, the momentum associated with Ethereum is additional, and its institutional demand is affecting the price of SHIB and other ETH-based tokens.  SHIB Updates Developer Hub to Support Its Infrastructure⁰🔗 https://t.co/Hf2iX2Ykme

SHIB has updated its official documentation portal, marking a clear shift to a developer-focused infrastructure. Built on the Mintlify framework, the site brings together technical resources that… pic.twitter.com/L49hjgtE1H

— Shibarium 🍖 | SHIB.IO (@Shibizens) July 25, 2025

SHIB itself has seen a whale stockpile, with 4.68 trillion tokens and more being mined on July 23. The development of Shibarium also saw a 2,742% spike in Shib Burn, resulting in a supply squeeze (6.3 million tokens were withdrawn). While this trend has not continued today, its impact remains.  Finally, investor demand played a significant role, with Coinglass data showing an 8.31% increase in OI, which currently stands at $231.16 million. This shows growing investor confidence in this digital asset.

Shiba Inu Price Soars Today, But What’s Next?

Notably, SHIB is up 6%, currently trading at $0.00001405 with a market cap of $8.2 billion. However, it is still in a downtrend for the week. The trading volume of $241.9 million also points to a downtrend, as it is 27% lower than yesterday, indicating limited trader activity.

In addition, technical patterns are showing mixed dynamics. Factors such as the RSI and Bollinger Bands support an uptrend, while the MACD and other indicators point to a potential downtrend.  Cryptocurrency experts like Crispus are also adding to the uncertainty, acknowledging the bullish pattern is forming but also advising caution in the short term.

According to Crispus’s Shiba Inu price prediction, the token is forming a bullish cup and handle pattern. A breakout of this level would push it towards $0.0000160 and $0.0000218 in the long term. However, if it fails to reach a key support level, the price could collapse.

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