{"id":41933,"date":"2025-08-13T11:16:50","date_gmt":"2025-08-13T11:16:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41933"},"modified":"2025-08-13T11:16:50","modified_gmt":"2025-08-13T11:16:50","slug":"why-is-the-shiba-inu-shib-price-up-today","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41933","title":{"rendered":"Why Is the Shiba Inu (SHIB) Price Up Today?"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">SHIB is well in the green today (August 13), with some analysts recently suggesting it could be ready to soar to a new all-time high in the near future.<\/span><\/li>\n<li>However, some critical indicators, including the RSI, hint that the price might cool off in the short term.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB_CB-27.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-408414\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB_CB-27.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB_CB-27.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB_CB-27-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB_CB-27-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB_CB-27-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB_CB-27-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>What Triggered the Rally?<\/h2>\n<p><span data-preserver-spaces=\"true\">Shiba Inu\u2019s price has jumped by over 8% in the past 24 hours and is currently trading at around $0.00001394 (per CoinGecko\u2019s data). Its market capitalization exceeded $8.2 billion, making it the 28th-largest cryptocurrenc<\/span><span data-preserver-spaces=\"true\">y.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_408411\" aria-describedby=\"caption-attachment-408411\" style=\"width: 564px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-Price.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-408411\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-Price.png\" alt=\"SHIB Price\" width=\"564\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-Price.png 825w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-Price-300x213.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-Price-768x545.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-Price-50x35.png 50w\" sizes=\"auto, (max-width: 564px) 100vw, 564px\"><\/a><figcaption id=\"caption-attachment-408411\" class=\"wp-caption-text\">SHIB Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Perhaps the<\/span><span data-preserver-spaces=\"true\"> most likely reason behind the pump is the broader rally of the digital asset market, more specifically, the meme coin sector.<\/span><span data-preserver-spaces=\"true\"> Popular assets of that type, including <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/doge-jumps-22-as-bull-flag-breakout-sparks-0-295-call\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">Dogecoin (DOGE)<\/span><\/a><span data-preserver-spaces=\"true\">, Pepe (PEPE), Bonk (BONK), <\/span><span data-preserver-spaces=\"true\">Pump<\/span><span data-preserver-spaces=\"true\">.fun<\/span><span data-preserver-spaces=\"true\"> (PUMP), Fartcoin (FARTCOIN), dogwifhat (WIF), and many more have posted double-digit gains on a daily scale.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Another factor could be the resurgence of Shiba Inu\u2019s burning mechanism. The burn rate has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.shibburn.com\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">exploded<\/span><\/a><span data-preserver-spaces=\"true\"> by almost 50,000% over the last 24 hours, with nearly 90 million tokens sent to a dead wallet. Interestingly, a single transaction comprised around 98% of that amount.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The program\u2019s ultimate goal is to reduce the overall supply of SHIB coins, thus making them more valuable in time (assuming demand remains strong).<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Investors Should Remain Cautious<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Despite SHIB\u2019s revival and <\/span><span data-preserver-spaces=\"true\">the<\/span><span data-preserver-spaces=\"true\"> numerous <a href=\"https:\/\/x.com\/ShibSpain\/status\/1954339961014256081\" data-wpel-link=\"external\" target=\"_blank\">predictions<\/a> on X that the price could <\/span><span data-preserver-spaces=\"true\">keep pumping<\/span><span data-preserver-spaces=\"true\"> in the short term, people should keep in mind <\/span><span data-preserver-spaces=\"true\">certain<\/span><span data-preserver-spaces=\"true\"> indicators that <\/span><span data-preserver-spaces=\"true\">point to<\/span><span data-preserver-spaces=\"true\"> a potential pullback.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Shiba Inu\u2019s exchange netflow has been positive <\/span><span data-preserver-spaces=\"true\">in<\/span><span data-preserver-spaces=\"true\"> the last week, <\/span><span data-preserver-spaces=\"true\">signaling<\/span><span data-preserver-spaces=\"true\"> that investors have <\/span><span data-preserver-spaces=\"true\">switched<\/span><span data-preserver-spaces=\"true\"> from self-custody methods to centralized platforms.<\/span> <span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\">, in turn, increases the immediate selling pressure.<\/span><\/p>\n<figure id=\"attachment_408410\" aria-describedby=\"caption-attachment-408410\" style=\"width: 864px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-Exchange-Netflow-1.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-408410\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-Exchange-Netflow-1.png\" alt=\"SHIB Exchange Netflow\" width=\"864\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-Exchange-Netflow-1.png 1527w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-Exchange-Netflow-1-300x139.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-Exchange-Netflow-1-1024x474.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-Exchange-Netflow-1-768x356.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-Exchange-Netflow-1-50x23.png 50w\" sizes=\"auto, (max-width: 864px) 100vw, 864px\"><\/a><figcaption id=\"caption-attachment-408410\" class=\"wp-caption-text\">SHIB Exchange Netflow, Source: CryptoQuant<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The meme coin\u2019s Relative Strength Index (RSI) is also worth monitoring. The technical analysis tool measures the speed and magnitude of the latest price changes, helping traders identify potential reversal points. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Typically, readings around and beyond 70 suggest the valuation has increased too much in a short period <\/span><span data-preserver-spaces=\"true\">of time<\/span><span data-preserver-spaces=\"true\"> and <\/span><span data-preserver-spaces=\"true\">could<\/span><span data-preserver-spaces=\"true\"> be due for correction.<\/span><span data-preserver-spaces=\"true\"> Conversely, anything below 30 is considered a buying opportunity. As of this writing, the RSI stands above 62.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_408409\" aria-describedby=\"caption-attachment-408409\" style=\"width: 2368px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-RSI.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-408409\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-RSI.png\" alt=\"SHIB RSI\" width=\"2368\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-RSI.png 1172w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-RSI-300x51.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-RSI-1024x173.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-RSI-768x130.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/SHIB-RSI-50x8.png 50w\" sizes=\"auto, (max-width: 2368px) 100vw, 2368px\"><\/a><figcaption id=\"caption-attachment-408409\" class=\"wp-caption-text\">SHIB RSI, Source: CryptoWaves<\/figcaption><\/figure>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/why-is-the-shiba-inu-shib-price-up-today-11\/\">Why Is the Shiba Inu (SHIB) Price Up Today?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR SHIB is well in the green today (August 13), with some analysts recently suggesting it could be ready to soar to a new all-time high in the near future. However, some critical indicators, including the RSI, hint that the price might cool off in the short term. What Triggered the Rally? Shiba Inu\u2019s price [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-41933","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41933"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41933\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}