Shiba Inu price prediction is back in focus as traders react to fresh inflation data and dramatic on-chain activity. Over the past 24 hours, SHIB has fallen by 4.8%, continuing a broader slump that also hit Bitcoin and Ethereum. 

But underneath the red candles, SHIB is showing signs of life: a 48,000%+ spike in token burns, a 188% surge in whale transactions, and a potential double-bottom pattern on the charts. 

Analysts are split on whether SHIB can reclaim momentum, but several key metrics suggest a major move could be brewing. As the Federal Reserve adjusts its rate policy, meme coins like SHIB may benefit from renewed risk appetite. 

And in this meme-driven market, new contenders are already rising fast. One of them – Maxi Doge – is making headlines with an aggressive presale and high-yield staking. Here’s what the data says about SHIB’s path forward, and how Maxi Doge fits into the picture.

Shiba Inu Drops Amid Inflation Fears

Shiba Inu is under pressure as inflation worries ripple through the market. After the Producer Price Index (PPI) showed inflation of 3.7% in July – higher than the 3% economists expected – risk assets were quick to react. 

Bitcoin dropped 3.9%, Ethereum fell 4.4%, and Shiba Inu lost over 7% at one point, settling near $0.00001306. The report’s Core PPI figure (excluding food and energy) jumped 0.9% month-over-month – the highest since 2022. 

This suggests the Fed may delay or reduce rate cuts, which traditionally pressures speculative assets like meme coins. The broader crypto pullback is a response to that concern, with SHIB caught in the crossfire. 

Despite this short-term fear, meme coin traders are watching for reversal patterns that could reignite bullish momentum.

Is SHIB Still Worth Buying in This Cycle?

Shiba Inu remains a polarizing asset. On one hand, it has a strong community and ongoing development in metaverse and DeFi integrations. On the other, SHIB is still a meme coin, driven largely by hype, momentum, and investor sentiment. 

Rising interest rates and macroeconomic uncertainty tend to suppress these types of tokens. While some traders are betting on a Fed pivot to trigger a meme coin revival, others are cautious. 

The fear is that persistent inflation, plus possible tariffs, could keep risk appetite low for longer. That said, SHIB isn’t out of the game. It has proven it can bounce hard under the right conditions. 

Traders just need to be selective – and realistic – about the timeline and setup. A strong narrative or market-wide rally could flip sentiment quickly.

Technicals Hint at Breakout Potential

Despite short-term weakness, the chart tells a different story. SHIB has formed a double-bottom pattern between May and August, holding solid support at $0.0000100. 

The neckline at $0.0000159 represents key resistance – and if broken, analysts suggest a potential surge to $0.0000254, or a 59% move. 

This setup mirrors previous rallies triggered by moving average crossovers. Specifically, the 50-day and 150-day SMA convergence is now forming, which historically aligns with strong upward momentum. 

SHIB bulls are looking for volume confirmation, but if that breakout level is cleared, the technical upside is clear. The question isn’t just if SHIB can move – it’s whether it can break resistance before macro factors pull it down further.

Maxi Doge: The Meme Challenger Gaining Speed

While Shiba Inu works through its macro and technical headwinds, another meme contender is turning heads – Maxi Doge. Priced at just $0.000252, Maxi Doge blends meme coin culture with a futures-trader aesthetic and tokenomics built for velocity. 

Backed by a 325% staking APY and over $973K raised so far, it’s gaining traction fast. Maxi Doge isn’t just hype – it’s positioned as the next high-octane play in the meme ecosystem, with bold branding, viral contest mechanics, and partnerships brewing. 

Its tokenomics favor aggressive marketing (40%) and liquidity (15%), while smart contract-based staking keeps investors locked in. 

With tokens selling out in its presale and the price set to increase in hours, Maxi Doge is catching the attention of SHIB and DOGE holders looking to rotate into the next explosive opportunity.