Shiba Inu Circulation Surges Once More, Adding Fuel to the Growing Price Downtrend!

Jakarta, Pintu News – Reporting from BeInCrypto (21/8), Shiba Inu (SHIB) has recently experienced significant price fluctuations, mainly influenced by overall market conditions and investor sentiment.

As one of the meme coins, its price is currently on a downward trend, with movements showing signs of weakening.

Increased circulation and greater selling pressure exacerbated the situation, causing concern among investors.

Shiba Inu Shows Bearish Signal

In the last few days, Shiba Inu has experienced a significant spike in the circulation of its coin supply. This can be seen from the increase in velocity, which is a measure of the movement of SHIB tokens across various addresses.

Read also: Shiba Inu Burn Rate Plummets 98%, SHIB Price Loses 20-Day Support!

This spike in circulation usually indicates a sell-off, as holders move their assets.

Historically, such a rise in velocity has often been followed by a fall in price, which means a similar trend could be happening with Shiba Inu right now. The increase in circulation reflects the growing uncertainty among investors, especially due to the general market weakness.

As more tokens change hands, selling pressure builds up, further pushing the price down.

From a technical perspective, Shiba Inu’s macro momentum shows a bearish outlook, with the MACD indicator currently showing a bearish crossover. This signals a momentum shift towards sellers, where selling pressure is more dominant than buying interest.

However, the bearish crossover seems to be losing strength, indicating that market conditions are still very volatile.

This rapid change in momentum emphasizes the unpredictable nature of the market. With the MACD starting to weaken, the price of Shiba Inu is likely to struggle to find a clear direction, leaving investors uncertain about its next move.

This volatility adds risk to the Shiba Inu in the short term.

SHIB Price Seeks Support Level

As of August 21, the price of Shiba Inu is at $0.00001262, with an attempt to maintain $0.00001252 as a support level.

Read also: Dogecoin Dips 2% Today — Yet Investors Continue to Buy, Accumulating 4.9B DOGE

However, given the increasing token circulation and bearish market conditions, maintaining this support level will be a challenge for the meme coin. Continued selling pressure could hamper SHIB’s price recovery in the near future.

The Parabolic SAR indicator confirms that the downtrend is still active, signaling a potential further decline for Shiba Inu. If the price fails to hold at $0.00001252, it will most likely drop towards $0.00001182 and enter a consolidation phase.

This will keep SHIB in a bearish zone, which could further discourage new investors.

However, if Shiba Inu manages to maintain support at $0.00001252, there is a chance of a price bounce. Successfully securing this level could push SHIB up to $0.00001393.

If this scenario occurs, then the bearish sentiment will be invalidated and open up opportunities for price recovery.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Shiba Inu Circulation Spikes Again. Accessed on August 22, 2025