Shiba Inu ($SHIB) Crypto Forecast: Down 5.0% Today

What is Shiba Inu?

Shiba Inu (SHIB) is a meme cryptocurrency token that gained popularity as the "Dogecoin killer." It operates on the Ethereum blockchain and has a large circulating supply.

Why is Shiba Inu going down?

SHIB crypto is down 5.0% on Aug 18, 2025 8:56

• Despite collaborations with K-pop stars and a significant burn rate increase, Shiba Inu experienced a bearish movement.
• The increased burn rate and positive sentiment around meme coins like SHIB were not enough to counteract the overall bearish trend in the market.
• The market movement could be attributed to broader cryptocurrency market fluctuations or profit-taking by investors following recent gains in SHIB.
• It seems that the positive news and developments were overshadowed by external factors impacting the overall sentiment in the cryptocurrency market, leading to SHIB's bearish movement.

SHIB Price Chart

SHIB Technical Analysis

SHIB News

Shiba Inu Coin Teams Up For K-Pop Festival With Squid Game Challenges And Top Korean Rap Stars

The team behind the Shiba Inu SHIB/USD token announced Sunday that it will co-organize a cryptocurrency and K-pop event in South Korea, featuring hip-hop icons such as Gray and Loco. What Happened: In an X post, the official X account of the SHIB token teased the "1001 Festival" event, set to ...

https://www.benzinga.com/crypto/cryptocurrency/25/08/47176499/shiba-inu-coin-teams-up-for-k-pop-festival-with-squid-game-challenges-and-top-korean-rap-st

Meme Coins Price Prediction: DOGE, SHIB, PEPE poised to benefit from improved risk sentiment

The top meme coins by market capitalization —Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) — have gained between 4% and 6% in the last 24 hours, underpinned by increased capital inflows from derivative traders and large-wallet investors.

https://www.fxstreet.com/cryptocurrencies/news/meme-coins-price-prediction-doge-shib-pepe-poised-to-benefit-from-improved-risk-sentiment-202508130904

Shiba Inu Burn Rate Soars 48,320% As SHIB Spikes 5%: Is It Time?

Shiba Inu's burn rate surged 48,324% as 87.96 million SHIB were removed from circulation in a single day. Crypto traders note bullish chart structure, with higher lows signalling upward momentum. This simple system has nailed 1,000+ post-earnings winners. Get in before Q3 trades take off →

https://www.benzinga.com/crypto/cryptocurrency/25/08/47089990/shiba-inu-burn-rate-soars-48320-as-shib-spikes-5-is-it-time

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Shiba Inu Price History

30.06.2025 - SHIB Crypto was down 6.4%

• The alleged theft of SHIB tokens from George Jones' widow may have caused uncertainty and negative sentiment around the token, leading to a bearish movement.
• The burning of 600 million SHIB tokens in a single day could have created a temporary imbalance in the token's supply and demand dynamics, contributing to the downward price pressure.
• The overall decline in bullish momentum and Open Interest for meme coins like SHIB, amid a broader market pullback, likely added to the bearish sentiment and selling pressure on the token.
• Despite analysts' optimistic long-term forecast for SHIB potentially overtaking Dogecoin by 2026, the current lack of institutional support and concerns about the anonymous team may have weighed on SHIB's price in the short term.

05.07.2025 - SHIB Crypto was down 5.2%

• The decrease in SHIB's value today may be linked to recent events involving the alleged theft of SHIB tokens from an individual. Incidents like these can shake investor trust and provoke selling.
• Even though there were positive celebrations marking SHIB's 5th anniversary along with notable accomplishments and a surge in burn rate, the overshadowing theft allegations likely contributed to the pessimistic market trend.
• Initially, some traders showed interest in a projected 70% increase from current levels due to the spike in burn rate, but the impact of the theft news on market sentiment seemed more pronounced, causing the downswing.

08.07.2025 - SHIB Crypto was up 5.1%

• The announcement of elections to select a new leader for the Shiba Inu ecosystem could have sparked positive sentiment among investors, leading to increased buying activity and driving up the price of SHIB.
• The celebration of Shiba Inu's 5th birthday, along with the significant burn rate spike of 5,800%, likely created excitement and optimism in the market, attracting more traders and contributing to the bullish momentum.
• Despite the overall bearish sentiment in the market for meme coins like Dogecoin and Shiba Inu, the unique developments within the Shiba Inu ecosystem seem to have set SHIB apart and fueled its upward movement.

11.07.2025 - SHIB Crypto was down 5.2%

• The surge in large holder netflows for Shiba Inu hinted at a potential whale-driven rally, but the failure to break past key resistance levels led to a deepening correction, contributing to the bearish movement.
• The announcement of upcoming elections to choose a new leader for Shiba Inu may have introduced uncertainty and speculation among investors, adding to the selling pressure on the token.
• The overall bearish sentiment in the market, as indicated by the corrections in both Dogecoin and Shiba Inu prices, along with rising short bets among traders, likely influenced SHIB's downward trajectory today.
• Despite the positive outlook for potential growth, the inability to overcome resistance levels and the broader market conditions contributed to Shiba Inu's bearish movement.

29.06.2025 - SHIB Crypto was down 5.5%

• The bearish movement of SHIB today can be attributed to the overall decline in bullish momentum and Open Interest in meme coins like SHiba Inu and Dogecoin.
• The significant burn rate increase of SHIB tokens, with millions being removed from circulation in a single day, may have caused uncertainty and volatility in the market.
• Analysts predicting a potential surge of 3,000% for SHIB by 2026 could be creating both hype and skepticism among investors, leading to fluctuations in the token's price.
• Despite the positive outlook on SHIB's burn rate and potential rally, the lack of institutional support and the anonymous team behind Shiba Inu could be seen as obstacles affecting its market performance in the short term.

13.07.2025 - SHIB Crypto was up 5.5%

• SHIB experienced a strong bullish movement today due to a significant increase in its burn rate by 48,324% and a whopping 643% surge in large holder netflows, indicating increased scarcity and potential whale-driven rally.
• The bullish chart structure with higher lows and the aim to break past the 200-day SMA suggest continued growth for SHIB.
• The bearish sentiment in the overall market, especially with Dogecoin (DOGE) failing to close above key resistance zones, might have led some traders to shift their focus towards SHIB, contributing to its upward momentum.
• The rising short bets among traders on DOGE and SHIB could have also pushed more investors towards SHIB, seeking better returns amidst the corrections in the market.

18.07.2025 - SHIB Crypto was down 5.0%

• Despite collaborations with K-pop stars and a significant burn rate increase, Shiba Inu experienced a bearish movement.
• The increased burn rate and positive sentiment around meme coins like SHIB were not enough to counteract the overall bearish trend in the market.
• The market movement could be attributed to broader cryptocurrency market fluctuations or profit-taking by investors following recent gains in SHIB.
• It seems that the positive news and developments were overshadowed by external factors impacting the overall sentiment in the cryptocurrency market, leading to SHIB's bearish movement.

14.07.2025 - SHIB Crypto was down 6.9%

• Despite positive developments like increased capital inflows and a surge in burn rate and large holder netflows, SHIB faced a notable downtrend today.
• The bullish activity from derivative traders and significant wallet holders might have been overshadowed by general market sentiment or profit-taking behaviors.
• The marked increase in burn rate and large holder netflows could have caused a temporary imbalance in supply and demand, resulting in a price adjustment.
• Traders are monitoring key technical levels, such as the 200-day SMA, for potential turning points in the coming days.

26.06.2025 - SHIB Crypto was up 5.4%

• A substantial surge of over 6,500% in SHIB's burn rate and the removal of 22.9 million SHIB from circulation are believed to have fueled the token's upward movement.
• The growing number of daily transactions and active addresses for SHIB signifies an expanding user community and heightened engagement within the SHIB ecosystem, leading to an increase in demand.
• The maintenance of stable levels and the rise in Open Interest for meme coins like SHIB imply a favorable market sentiment and a boost in investor trust concerning meme coins, which has further driven SHIB's upward trend.
• In summary, the combination of supply reduction through burn rates, escalating transaction activities, and advantageous market conditions for meme coins has propelled SHIB to significant gains, with potential for further appreciation based on market indicators and expert forecasts.

23.06.2025 - SHIB Crypto was down 5.2%

• A significant increase in SHIB's burn rate and the removal of a large number of tokens from circulation might have reduced supply, potentially leading to a bearish trend as investors seek scarcity.
• Despite speculation about a substantial 431% price surge and predictions of a smooth rally to $0.000028, market sentiment may have shifted due to profit-taking strategies or manipulation.
• The high Open Interest levels in meme coins such as DOGE and SHIB, indicating rising investor confidence, could have drawn traders to other assets, resulting in a bearish wave for SHIB.
• Despite a notable 870% rise in SHIB's burn rate within 24 hours and positive chart indications, these factors may not have been sufficient to counter broader market dynamics or profit-taking activities, contributing to today's observed bearish movement.

01.07.2025 - SHIB Crypto was down 6.1%

• The bearish movement in SHIB today could be attributed to the overall decline in bullish momentum and Open Interest in meme coins like Shiba Inu.
• The spike in burn rate and the burning of 600 million SHIB in a single day might have caused some uncertainty and selling pressure among investors.
• The news of an alleged theft of other crypto assets, including SHIB, could have added to the negative sentiment surrounding SHIB today.
• Despite analysts' optimistic price predictions for SHIB overtaking Dogecoin in the future, the current market conditions and news seem to have influenced the bearish movement of SHIB today.

28.06.2025 - SHIB Crypto was down 5.1%

• The decrease in SHIB's value today may be linked to a notable increase in its burn rate as a large quantity of tokens were burnt in a single transaction. This burning process, aimed at reducing supply, could concern investors about potential shortages.
• Although there are positive predictions about SHIB potentially surpassing Dogecoin in market cap, the absence of institutional backing and an anonymous team associated with SHIB could hinder its current price performance.
• Despite SHIB stabilizing around key levels post a recent rally and a rise in Open Interest indicating growing investor trust, the unexpected rise in burn rate and evolving market conditions could have prompted profit-taking and contributed to today's decrease in value.