Why is Shiba Inu Price Up Today?

The meme coins are catching the attention in the crypto market once again, as the Shiba Inu price soars nearly 6% today. After a shallow dip in the broader crypto market, bulls mark a re-entry and support the greedy sentiments of the investors with new price rallies. In this SHIB’s bullish uptrend is in the limelight, as rumors flew that these meme-themed cryptos might never make a return.

Here’s Why Shiba Inu Price Soared 6% Today

After a major crypto crash, the green color dominates the broader market today, pushing the market cap to $3.86 trillion, up nearly 2%. Along with that, Bitcoin returned above the $117k mark, and the Shiba Inu has surged 6%, making a big price jump today.

Notably, this surge is due to the broader crypto market recovery, but there’s also an addition to the momentum. Recently, Shibarium has launched upgrades like gas fees sponsorship (Shib Paymaster), staking upgrades (staking 2.0), and more. Additionally, the Ethereum-linked momentum is an add-on, where its institutional demand influences the price of SHIB and other ETH-based tokens.

SHIB Updates Developer Hub to Power Its Infrastructure⁰🔗 https://t.co/Hf2iX2Ykme

SHIB has updated its official documentation portal, signaling a clear move toward developer-centric infrastructure. Built on the Mintlify framework, the site consolidates technical resources that… pic.twitter.com/L49hjgtE1H

— Shibarium 🍖 | SHIB.IO (@Shibizens) July 25, 2025

SHIB itself saw massive whale accumulation, with 4.68 trillion token inflows on July 23 and more. The Shibarium development also caused a 2,742% spike in Shib burn, tightening supply (6.3M tokens removed). Although the same isn’t persistent today, the impact remains.

Lastly, the investors’ demand also played a significant role, as Coinglass data reveals an 8.31% increase in OI, currently $231.16M. This indicates that the investors’ trust in this digital asset is rising.

Shiba Inu Price Soars Today, But What’s Next?

Notably, SHIB has gained 6% surge, currently trading at $0.00001405 with $8.2 billion in market capitalization. However, it is still in a downtrend in a week’s timeline. Its trading volume of $241.9 million also reveals the downtrends, as it’s 27% lower than yesterday’s, showcasing limited traders’ activity.

Additionally, there’s a mixed sign from the technical patterns. Factors like RSI and Bollinger bands support the uptrend, whereas MACD and others hint at a potential downtrend. Crypto experts like Crispus also add to uncertainty, where they acknowledge the bullish pattern formation, but also advise caution in the short term.

According to Crispus Shiba Inu price prediction, the token is forming a bullish cup and handle formation. A breakout from here would push it towards $0.0000160 and $0.0000218 in the long term. However, if it fails the key support, the price could crash.