Bitcoin News Today: SHIB's Future Hinges on Bitcoin's $1.3M Ascent — Can It Keep Up?

Shiba Inu (SHIB) has consolidated below key resistance levels as of September 2025, with its price currently trading at $0.000013. Despite a 1.38% increase in 24 hours and 4.64% in the past week, SHIB remains 7.5% below its all-time high of $0.000090 set in 2021. The token’s market capitalization stands at $7.39 billion, and its circulating supply of 589.2 trillion tokens remains at 100% of its maximum supply [1]. Recent trading activity has seen 4,710 trades, with 2,319 buyers and 2,550 sellers. The 24-hour trading volume rose by 40.82% compared to the previous day, while the 7-day and 30-day volumes stand at $1.13 billion and $3.83 billion, respectively [1].

On the technical front, SHIB faces a bearish trend in the short term. Shiba Inu bulls have been defending dual support levels with a trading volume exceeding 1 trillion tokens, but the broader market remains cautious, with Bitcoin and other cryptocurrencies experiencing de-risking ahead of key macroeconomic events [3]. Recent on-chain data shows increased selling pressure, with exchange withdrawals at record lows and a bearish RSI divergence. The token has also seen a 18% decline in price over the past month, with whale exits and critical support levels now under test [4]. While SHIB’s weekly price gains of around 4% trail behind PENGU and DOGE’s 10%, it ranks second in monthly price performance among memecoins, trailing only Dogecoin [1].

The token’s price has been closely correlated to Bitcoin’s movements. If Bitcoin were to reach $1.3 million or $2.97 million by 2035, SHIB could see a proportional rise to $0.0001489 or $0.0003403, according to a recent analysis by The Crypto Basic. These projections are based on the assumption that SHIB mirrors Bitcoin’s growth rate. However, SHIB has yet to reach its historical price targets, and its highest recorded price of $0.00008845 remains significantly below the projected levels [2]. Analysts note that reaching these prices would require a combination of large-scale token burns, increased adoption in DeFi and NFT ecosystems, and sustained interest from institutional and retail investors.

While SHIB remains a major player in the meme coin space, it has struggled to outperform newer and more aggressive tokens. For instance, Layer Brett (LBRETT), a rising Ethereum Layer 2 solution, has been tipped as the best crypto to buy now by several market analysts [5]. Unlike traditional meme coins, Layer Brett combines utility with scalability, offering near-instant transactions and minimal gas fees. Its presale price of $0.0053 per token has attracted early investors, with staking rewards as high as 959% APY. This positions LBRETT as a strong contender for the next big crypto bull run, particularly as it seeks to rival established Layer 2 protocols like Arbitrum and Optimism [6].

Layer Brett has also gained traction among analysts who highlight its technical advantages over DOGE, BONK, and PENGU. The project has a capped supply of 10 billion tokens, transparent tokenomics, and a strong focus on cross-chain interoperability and NFT integration. Its $1 million presale has drawn attention for its potential to deliver 5,500% gains, outpacing the growth trajectories of more established tokens [5]. In contrast, Dogecoin faces significant selling pressure, with its price testing the 200-day EMA and whales offloading over 250 million DOGE tokens since mid-August [5]. Bonk, while showing signs of recovery, has failed to fully rebound from its 25% monthly decline, despite institutional backing and token burn milestones [5].

The broader crypto market remains polarized, with SHIB continuing to lag behind in meme coin momentum. Whale activity has been mixed, with some large holders trimming their SHIB positions while others accumulate near key support levels. The token’s Chaikin Money Flow (CMF) and weighted sentiment indicators have shown signs of improving market confidence, suggesting a potential rebound toward $0.00001295. However, these signals remain tentative, and a break below key support levels could signal further weakness in the near term [4].

In summary, Shiba Inu remains a relevant player in the meme coin space but faces stiff competition from newer, more technologically advanced projects like Layer Brett. While its price action consolidates below key resistance levels, the token’s long-term prospects remain tied to Bitcoin’s performance and broader adoption in DeFi and NFT ecosystems. Analysts continue to highlight the importance of on-chain activity, whale behavior, and market sentiment in determining SHIB’s next move, with some forecasting a potential breakout if buying pressure intensifies and key support levels hold.

Source:

[1] SHIBA INU Price, SHIB Price, Live Charts, and Marketcap (https://www.coinbase.com/price/shiba-inu)

[2] Here is Shiba Inu price if Bitcoin Reaches $1.3M–$2.97M (https://thecryptobasic.com/2025/09/08/here-is-shiba-inu-price-if-bitcoin-reaches-1-3m-2-97m/)

[3] Shiba Inu Bulls Defend Dual Support With 1T Volume. What Next? (https://www.coindesk.com/markets-today-ada-sol-lead-futures-market-activity-shib-burn-rate-explodes)

[4] 300 Billion Dump Puts Shiba Inu Price on Edge of Range Break (https://www.beincrypto.com/300-billion-dump-shiba-inu-price-edge-range-break)

[5] Layer Brett Is Tipped As The Best Crypto To Buy Now Over Dogecoin, Bonk (https://www.mexc.co/news/layer-brett-is-tipped-as-the-best-crypto-to-buy-now-over-dogecoin-bonk-as-breakout-likely-in-days/86350)

[6] Best Meme Coin To Buy Now: Layer Brett Gains Steam As The Next Viral Crypto (https://www.cryptopolitan.com/best-meme-coin-to-buy-now-layer-brett-gains-steam-as-the-next-viral-crypto-this-month/)