Shiba Inu News: Why is SHIB’s price up today?

Explore real-time market drivers, news events, and on-chain data influencing Shib’s latest price surge and investor sentiment

Shiba Inu’s 2.65% 24-hour price gain reflects a technical breakout above $0.00001280 resistance, whale accumulation, and bullish momentum in the broader crypto market.

1. Breakout confirmed – SHIB closed above a descending trendline with 81.9% higher volume.
2. Whale activity – 10.4T SHIB ($110M) bought by large holders since June 2025 lows.
3. Market tailwinds – Crypto market cap rose 1.88%, with altcoins gaining as BTC dominance dipped.

1. Primary catalyst: Technical breakout with volume

SHIB broke above the $0.00001280 resistance on July 10, 2025, with a 10% intraday volume spike to $262.8M. The move turned this level into support (now at $0.00001288–$0.00001289) and activated bullish chart patterns:
– MACD crossover: Histogram flipped green on the 4H chart, signaling momentum shift.
– RSI at 56: Neutral territory leaves room for upside before overbought conditions.
– EMA support: Price holds above the 26-day EMA ($0.0000118), a key level for trend continuation.

2. Supporting factors: Whale moves and ecosystem developments

• Whale accumulation: On-chain data shows 1.3T SHIB bought near $0.00001150 in late June 2025, with 61.5% of supply held by whales (CoinMarketCap).
• Shibarium activity: Layer-2 transactions doubled since April to 820K/day, though TVL remains low at $2.3M.
• Token burns: 6.4B SHIB burned in 5 weeks – modest relative to supply but psychologically bullish.

SHIB’s rally combines technical triggers with cautious optimism about ecosystem growth, though thin liquidity risks remain. The $0.000013–$0.000014 zone now acts as critical resistance – can Shibarium adoption accelerate to sustain momentum beyond technicals?

Shiba Inu shows mixed signals with bullish technical breakouts and bearish ecosystem challenges, while expanding into AI and Layer-3 tech.

1. Breakout above $0.00001280 with rising volume and bullish indicators.
2. Shibarium upgrades and AI initiatives aim to pivot beyond memecoin status.
3. Burn rate collapse (-98%) and whale exits raise sustainability concerns.

1. Technical Developments

SHIB broke its 26-day EMA resistance at $0.00001280 on July 10, 2025, with trading volume surging 93% in 24 hours. Analysts note bullish MACD crossovers and an RSI of 45, suggesting room for upside toward $0.000015. However, SHIB remains below its 50-day and 200-day EMAs long-term, and an inverse cup-and-handle pattern risks a drop to $0.000010 if support fails.

2. Market Metrics

• Whales accumulated 10.4T SHIB ($110M) in early July, the largest single-day buy since 2024.
• Burn rate plummeted 98% to 11.19M tokens daily ($143), raising concerns about supply reduction efficacy.
• Futures open interest fell to $156M (from $600M YTD), signaling reduced leveraged speculation.

SHIB’s short-term momentum hinges on holding $0.00001280, while long-term viability depends on Shibarium adoption and AI integration. Will Shibarium’s Layer-3 and AI pivot attract developers, or will meme-driven volatility dominate?

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CMC AI can make mistakes, please DYOR. Not financial advice.