Shiba Inu ($SHIB) Crypto Forecast: Down 9.6% Today

What is Shiba Inu?

Shiba Inu (SHIB) is a meme cryptocurrency token known as the "Dogecoin killer" that recently faced a bearish trend in the crypto market.

Why is Shiba Inu going down?

SHIB crypto is down 9.6% on Jun 13, 2025 6:36

• SHIB's drop is linked to a general crypto market decline influenced by geopolitical tensions.
• Despite increased on-chain activity and a sharp rise in token burn rate, SHIB struggled against market selling pressure.
• Whale selling and diminishing profit supply also added to SHIB's price decline, hinting at a possible correction ahead.
• Although the launch of Binance in a Middle Eastern country holds significance for crypto, it did not directly impact SHIB's bearish movement today.

SHIB Price Chart

SHIB Technical Analysis

SHIB News

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe nosedive amid Middle East tensions

Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) trade in the red as the broader market sell-off gains traction. With the rising supply in the market, the meme coins' market capitalization has dropped nearly 10% in the same period.

https://www.fxstreet.com/cryptocurrencies/news/meme-coins-price-prediction-dogecoin-shiba-inu-pepe-nosedive-amid-middle-east-tensions-202506130535

What's Going On With Dogecoin Rival Shiba Inu ( SHIB ) ?

Shiba Inu is trading lower Thursday afternoon amid overall crypto market weakness. A massive token burn and surging on-chain activity are otherwise pointing to strong SHIB fundamentals. 9 Out of the Last 10 Summers this "Power Pattern" Delivered Winners - Get The Details Now.

https://www.benzinga.com/trading-ideas/movers/25/06/45913715/whats-going-on-with-dogecoin-rival-shiba-inu-shib-3

Shiba Inu Burn Rate Explodes Over 112,000% In One Day - What's Fueling The Surge?

Shiba Inu's burn rate skyrocketed 112,839% in just 24 hours, with over 102 million SHIB destroyed in a nine-hour span. A surge in whale transactions and key Shibarium ecosystem updates could support long-term bullish momentum for the meme coin.

https://www.benzinga.com/crypto/cryptocurrency/25/06/45904535/shiba-inu-burn-rate-explodes-over-112000-in-one-day-whats-fueling-the-surge

Shiba Inu Price Forecast: Correction looms amid whale sell-off and falling supply in profit

Shiba Inu (SHIB) trades in the red on Thursday, extending the 3.22% drop from the previous day. Facing headwinds at the 50-day EMA, Shiba Inu risks a steeper correction as the large investors trim their SHIB holdings, concurrent with the supply in profit dropping to 23%.

https://www.fxstreet.com/cryptocurrencies/news/shiba-inu-price-forecast-correction-looms-amid-whale-sell-off-and-falling-supply-in-profit-202506121124

Crypto exchange Binance launches in Syria after Trump lifts sanctions

Binance's rollout in Syria features a full access launch, allowing Syrians to trade at least 300 tokens, including Bitcoin, XRP, Toncoin and more.

https://cointelegraph.com/news/binance-welcomes-syria-trump-lifts-sanctions

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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.

13.05.2025 - SHIB Crypto was down 9.6%

• SHIB's drop is linked to a general crypto market decline influenced by geopolitical tensions.
• Despite increased on-chain activity and a sharp rise in token burn rate, SHIB struggled against market selling pressure.
• Whale selling and diminishing profit supply also added to SHIB's price decline, hinting at a possible correction ahead.
• Although the launch of Binance in a Middle Eastern country holds significance for crypto, it did not directly impact SHIB's 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.

12.05.2025 - SHIB Crypto was down 5.1%

• SHIB experienced a strong bearish movement despite the overall bullish trend in meme coins like Fartcoin, Dogecoin, and Pepe.
• The bearish movement in SHIB could be attributed to profit-taking after a recent rally or a shift in investor sentiment towards other meme coins.
• The support level tested on Thursday might have triggered selling pressure in SHIB, leading to the bearish movement observed today.
• While other meme coins like Fartcoin surged on positive news such as Coinbase listings, SHIB might have lacked similar catalysts, resulting in its downward price action.

12.05.2025 - SHIB Crypto was down 5.9%

• The bearish movement in SHIB today can be attributed to a combination of factors:
• Despite strong fundamentals like a significant token burn and increased on-chain activity, the overall weakness in the crypto market has impacted SHIB's price negatively.
• The surge in whale transactions and updates in the Shibarium ecosystem could not offset the selling pressure from large investors trimming their holdings, leading to a correction in SHIB's price.
• The news of Fartcoin surging and outperforming meme coins like Dogecoin and Shiba Inu may have diverted some attention and investment away from SHIB, contributing to its bearish movement.

12.05.2025 - SHIB Crypto was down 5.4%

• The bearish movement in SHIB today can be attributed to:
• Large investors trimming their SHIB holdings, leading to selling pressure and a potential steeper correction.
• A decrease in the supply of SHIB held in profit, indicating a possible shift in sentiment towards profit-taking.
• The overall market sentiment towards meme coins like SHIB might have been impacted by the surge in Fartcoin's price and the positive price predictions for other meme coins like Dogecoin and Pepe.
• Despite the recent rally in meme coins earlier in the week, the correction in SHIB today could be a result of profit-taking and a cautious approach by investors in the volatile cryptocurrency market.

12.05.2025 - SHIB Crypto was down 7.0%

• The surge in Shiba Inu's burn rate by over 112,000% in one day could have initially fueled excitement and optimism among investors, leading to a bullish sentiment.
• However, the correction and bearish movement observed could be attributed to the whale sell-off and falling supply in profit, indicating a shift in sentiment towards profit-taking and potential market manipulation.
• The overall market movement of Shiba Inu today might have been influenced by a combination of profit-taking by large investors, technical resistance at the 50-day EMA, and a general correction in the meme coin sector.
• While the long-term bullish momentum supported by whale transactions and ecosystem updates remains a positive factor, short-term price fluctuations driven by market dynamics and investor behavior can lead to sudden bearish movements like the one experienced today.

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.