Shiba Inu ($SHIB) Crypto Forecast: Up 11.3% Today

What is Shiba Inu?

SHIB, also known as Shiba Inu, is a popular meme cryptocurrency token that has gained significant attention in the crypto market.

Why is Shiba Inu going up?

SHIB crypto is up 11.3% on Feb 6, 2026 22:06

• SHIB experienced a strong bullish movement today amidst the overall market volatility.
• The bullish movement can be attributed to Bitcoin reclaiming $70,000, which boosted market confidence and positively impacted SHIB.
• Despite the bearish sentiment in the market with Dogecoin and SHIB cratering due to Bitcoin's collapse triggering panic selling, SHIB managed to rally, showcasing resilience.
• Elon Musk's teasing of a potential Dogecoin moon mission may have initially impacted SHIB negatively, but the token managed to recover and surge, showcasing its independent price action.

SHIB Price Chart

SHIB Technical Analysis

SHIB News

Shiba Inu Rallies After Bitcoin Reclaims $70,000

Here's what traders and investors need to know. $SHIB stock is surging today. What's next for $SHIB? Bitcoin's Friday recovery matters for Shiba Inu because it anchors market confidence.

https://www.benzinga.com/trading-ideas/movers/26/02/50460039/shiba-inu-rallies-after-bitcoin-reclaims-70000

ZKP Crypto's $5M Giveaway Becomes Crypto's Biggest Story While ADA & SHIB Maintain Support Levels!

DUBAI, United Arab Emirates, Feb. 06, 2026 ( GLOBE NEWSWIRE ) -- Market momentum has cooled, reducing appetite for rapid price chases. Traders now focus closely on behavior at critical levels across major assets. Confirmation outweighs excitement in this measured environment.

https://www.benzinga.com/pressreleases/26/02/g50458962/zkp-cryptos-5m-giveaway-becomes-cryptos-biggest-story-while-ada-shib-maintain-support-levels

Dogecoin, Shiba Inu Crater 10% As Historic Eight-Figure Outflows Hit

Dogecoin ( CRYPTO: DOGE ) and Shiba Inu ( CRYPTO: SHIB ) have crashed 11%, with Bitcoin's ( CRYPTO: BTC ) collapse triggering panic selling across meme coins. Spot data shows a massive $29.67 million outflow from Dogecoin on Thursday-one of the largest single-day outflows in months.

https://www.benzinga.com/crypto/cryptocurrency/26/02/50428991/dogecoin-shiba-inu-crater-10-as-historic-eight-figure-outflows-hit

Shiba Inu Price Analysis: Bearish trend persists as sentiment remains mixed

Shiba Inu (SHIB) price stabilizes at $0.0000067 at the time of writing on Wednesday, facing rejection around a key resistance zone. On-chain and derivatives data indicate mixed sentiment among traders, further limiting the chances of a price recovery.

https://www.fxstreet.com/cryptocurrencies/news/shiba-inu-price-analysis-bearish-trend-persists-as-sentiment-remains-mixed-202602040751

Elon Musk Teases DOGE Moon Mission, But Dogecoin And Shiba Inu Crash Anyway

Elon Musk said SpaceX will "maybe" put Dogecoin ( CRYPTO: DOGE ) on the literal moon next year, sparking an intraday rally on Tuesday, which was reversed to see DOGE and Shiba Inu ( CRYPTO: SHIB ) dump around 5% on the day.

https://www.benzinga.com/crypto/cryptocurrency/26/02/50351094/elon-musk-teases-doge-moon-mission-but-dogecoin-and-shiba-inu-crash-anyway

Trending Today

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Shiba Inu ($SHIB) Crypto Forecast: Up 11.3% Today

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Shiba Inu Price History

29.00.2026 - SHIB Crypto was down 5.9%

• SHIB experienced a strong bearish movement today, slipping below $0.0000077.
• The bearish sentiment was intensified by whale selling, increasing selling pressure and reducing Open Interest in the derivatives market.
• The lack of a clear catalyst for a breakout, along with lingering downside risks in the broader market, contributed to SHIB's decline.
• The spike in SHIB's burn rate by 2,800% in a single day may have also added to the selling pressure, despite its outperformance over the past month.

30.00.2026 - SHIB Crypto was down 6.0%

• SHIB faced significant selling pressure from whales, leading to a pronounced decrease in price.
• The bearish trend deepened as SHIB fell below crucial support levels, signaling heightened selling activity and dwindling Open Interest in derivatives.
• The absence of a clear trigger for a price rally confined SHIB within a narrow range, limiting its ability to reverse the downtrend.
• Despite a recent increase in burn rate, SHIB's price struggled to sustain upward movement, underscoring enduring downside risks in the meme coin sector.

04.01.2026 - SHIB Crypto was down 5.7%

• SHIB price stabilizes at $0.0000067, facing rejection at a key resistance zone, indicating a lack of bullish momentum.
• Teasing of a potential Dogecoin moon mission led to an intraday rally for DOGE but ultimately resulted in a 5% dump for both DOGE and SHIB, showcasing the influence of influential figures on meme coins.
• Meme coins, including SHIB, are down for the week, breaking below critical support levels, reflecting a bearish bias in the market sentiment.
• The intensification of bearish momentum for SHIB is attributed to whale selling, increasing selling pressure and reducing Open Interest in the derivatives market, further contributing to the downward trend.

17.00.2026 - SHIB Crypto was up 5.0%

• SHIB showed a significant bullish movement recently, alongside other meme coins like DOGE and PEPE, suggesting a potential upward trend.
• The surge in SHIB's value could be linked to a draft bill from the Senate Banking Committee proposing similar regulatory treatment for DOGE as Bitcoin, categorizing it as a commodity and not a security.
• Despite the recent surge, meme coins like SHIB are still facing pressure from selling activities since a spike on January 4th, pointing to continued market fluctuations.
• The sudden 72% decrease in SHIB's supply could have played a role in the recent spike in price, but it might not be enough to maintain price stability over the long haul.

25.00.2026 - SHIB Crypto was down 5.1%

• Today's decline in Shiba Inu (SHIB) can be ascribed to several factors, including:
• A general downturn in meme coins like Dogecoin and Pepe, reflecting a broader pattern impacting these assets.
• Increased token burns by a dormant whale, potentially fostering uncertainty and selling pressures among traders.
• The prevailing bearish technical outlook for meme coins, suggesting a lack of upward momentum in the market.
• Despite Shiba Inu's recent gains in the past month, prevailing market sentiment and external influences appear to have influenced today's bearish movement.

02.01.2026 - SHIB Crypto was up 5.1%

• SHIB experienced a strong bullish movement despite the overall bearish sentiment in the meme coin market.
• The intensified selling pressure from whales and the reduction in Open Interest (OI) could have initially contributed to the bearish momentum.
• The spike in Shiba Inu's burn rate by 2,800% in a single day might have sparked renewed interest and buying activity, leading to the bullish movement.
• The lack of a clear catalyst for a breakout could indicate that the bullish movement was primarily driven by a sudden surge in demand or speculative trading activity.

06.01.2026 - SHIB Crypto was up 11.3%

• SHIB experienced a strong bullish movement today amidst the overall market volatility.
• The bullish movement can be attributed to Bitcoin reclaiming $70,000, which boosted market confidence and positively impacted SHIB.
• Despite the bearish sentiment in the market with Dogecoin and SHIB cratering due to Bitcoin's collapse triggering panic selling, SHIB managed to rally, showcasing resilience.
• Elon Musk's teasing of a potential Dogecoin moon mission may have initially impacted SHIB negatively, but the token managed to recover and surge, showcasing its independent price action.

06.01.2026 - SHIB Crypto was up 6.6%

• SHIB experienced a strong bullish movement despite the overall bearish sentiment in the cryptocurrency market.
• The bearish trend in Shiba Inu was potentially reversed due to positive market momentum and increased interest from traders.
• Elon Musk's teasing of a potential moon mission for Dogecoin may have indirectly influenced SHIB's bullish movement, as positive sentiment towards meme coins was reignited.
• Despite mixed sentiment among traders and facing resistance at key levels, SHIB managed to maintain its support and attract buying interest, leading to the bullish movement.

19.00.2026 - SHIB Crypto was down 6.6%

• SHIB saw a decline of approximately 5% in tandem with other meme coins like Dogecoin.
• Market sentiment surrounding meme coins was pessimistic due to worries about capital moving away from Dogecoin and how SHIB's value might be affected by a decrease in supply.
• Despite the recent downturn, meme coins including SHIB had previously surged, suggesting potential market volatility.
• News about Dogecoin's potential reclassification from a security to a commodity could have impacted the positive movement in SHIB and DOGE, though this development failed to maintain the price gains.

19.00.2026 - SHIB Crypto was down 5.2%

• The spike in Shiba Inu's burn rate by 2,459% and renewed whale activity could have initially sparked interest, but the subsequent bearish movement suggests that market sentiment may have shifted.
• Despite the overall decline in meme coins like SHIB, DOGE, and PEPE, the potential reversal to the upside indicated could be a temporary relief amidst the broader downtrend.
• The significant drop in SHIB's price, coupled with the revelation that supply reduction alone won't save its price, highlights the challenges meme coins face in maintaining their value.
• While meme coins have been riding the crypto market rally, the bearish movement of SHIB today could be attributed to a combination of profit-taking, market sentiment shifts, and the overall volatility in the cryptocurrency space.

05.01.2026 - SHIB Crypto was down 14.7%

• SHIB faced downward pressure today, following a trend seen in other meme coins like Dogecoin and Pepe also experiencing substantial declines.
• Market sentiment towards SHIB is mixed, with on-chain and derivatives data showing a lack of trader confidence, limiting potential price recovery.
• Despite Elon Musk mentioning a possible Dogecoin moon mission, meme coins like SHIB saw a rally that could not be sustained, ultimately leading to a reversal and a 5% price drop.
• Technical analysis indicates a bearish outlook for meme coins such as SHIB, as key support levels are breached amidst increased volatility in the broader cryptocurrency market.

05.01.2026 - SHIB Crypto was down 5.1%

• SHIB experienced a strong bearish movement due to a combination of factors:
• Mention of a potential Dogecoin moon mission by a prominent figure sparked initial excitement but later led to a market-wide dump, affecting SHIB.
• Analysis of on-chain and derivatives data revealed mixed trader sentiment, hindering the possibility of a price recovery and contributing to the downward trend.
• Increased selling by large holders escalated the bearish momentum as SHIB was offloaded, heightening selling pressure and reducing Open Interest in the derivatives market.
• Meme coins, including SHIB, breached significant support levels, indicating a broader bearish sentiment in the market and an increase in volatility.