Shiba Inu Drops 1.362% Amid Bullish Chart Patterns, Whale Activity

Shiba Inu's latest price was $0.00001353, down 1.362% in the last 24 hours. This price movement comes at a crucial time for the cryptocurrency as it faces a significant test in its market momentum. The cryptocurrency is currently testing resistance at the 200-day SMA. To advance its bullish momentum, it needs to surpass this level and reach the next key targets. After a seven-day drop to hit a low on July 28, Shiba Inu has rebounded since Aug. 2. The rally gained momentum on Aug. 6, with Shiba Inu managing to secure a position above the 50-day SMA.

Shiba Inu team member Lucie recently predicted an ultra-bullish market as the cryptocurrency world anticipates altseason, a period where alternative cryptocurrencies or altcoins outperform with large price jumps. The Altcoin Season Index sits at 39, signaling it's still Bitcoin Season. To officially enter altseason, the index must cross 75, with BTC dominance dropping below 60%. Current BTC dominance is around 61%, and alt momentum is building slowly across ETH. As altcoins begin to trade sideways, causing market players to panic, a bullish chart pattern is validating a positive outcome for the Shiba Inu memecoin. The chart signals a potential upward rally that could kick off in the near term, and highlights the possibility for the altcoin to rally to unprecedented levels.

Analyst Javon Marks revisited a bullish chart pattern observation earlier in the year, which revealed that Shiba Inu has confirmed an apparent bullish divergence with its MACD. The move pointed to an early 180% upside for prices to return to the price mark, which could signal the start of a larger upward price reversal. On August 6, the analyst referenced the previous chart pattern, stating that SHIB is still fresh off the divergence level confirmed earlier in the year. As such, prices might soar as the chart pattern continues in a bullish trajectory. With the divergence in play, the price of Shiba could skyrocket by more than 156% to hit a price mark, the analyst added. The analyst added that the move could be the start of a larger price run. The analyst’s bullish revelation comes not long after another market participant informed SHIB investors of a potential price breakout. On August 4, pseudonymous analyst Army Shiba took to X to share that Shiba Inu had broken out of a falling wedge. This development is notably regarded as a classic reversal pattern, the analyst added. Following the breakout, as the analyst observed, the memecoin is now pushing above resistance levels. Should the asset sustain this bullish momentum, the analyst disclosed that the following key target is the next key target.

Significant whale activity has recently been observed within the Shiba Inu ecosystem, characterized by two distinct major events. In late August 2025, substantial entities transferred approximately $10 million worth of SHIB tokens between wallets. This movement generated significant discussion regarding the asset's competitive stance within the broader meme coin market. Concurrently, earlier activity in August showed a dramatic surge in whale involvement. Within just a two-day period earlier in the month, the volume of large-scale transactions involving SHIB reportedly doubled, representing a 100% increase in whale activity. These substantial transactions are a key metric often monitored by market participants for gauging sentiment among major holders.

Further ecosystem activity focuses on token supply management. Shiba Inu implemented a notable acceleration in its token burn mechanism during this timeframe. Data indicated a remarkable surge of 3,464% in the rate at which SHIB tokens were permanently removed from circulation. This aggressive burn strategy represents a sustained effort by the project developers and community to reduce the total supply of SHIB tokens available over time. This strategy is aimed at increasing the scarcity of the token, which could potentially drive up its value in the long run. The burn mechanism is a key aspect of the Shiba Inu ecosystem, as it helps to control the inflation of the token and maintain its value. The community's involvement in the burn process is also a testament to their commitment to the project and its long-term success. The burn mechanism is just one of the many strategies that the Shiba Inu team is using to position the token for future growth and adoption. The team is also focused on expanding the use cases for the token and increasing its visibility in the broader cryptocurrency market. With the recent surge in whale activity and the aggressive burn strategy, the Shiba Inu ecosystem is poised for continued growth and success in the coming months and years. The team's commitment to the project and the community's support are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also working on several other initiatives to further enhance the ecosystem and increase the token's utility. These initiatives include partnerships with other projects, the development of new use cases for the token, and the expansion of the Shiba Inu community. The team is also focused on increasing the token's liquidity and accessibility, which will help to drive its adoption and value in the long run. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future. The Shiba Inu team is committed to the long-term success of the project and is working tirelessly to position the token for future growth and adoption. The community's support and involvement are key factors that will drive the token's value and adoption in the future. The Shiba Inu team is also focused on increasing the token's visibility and awareness in the broader cryptocurrency market, which will help to drive its adoption and value in the long run. The team is working on several initiatives to further enhance the ecosystem and increase the token's utility, which will help to drive its adoption and value in the future