Shiba Inu (SHIB) is enjoying a notable price surge today, August 13th, with some analysts predicting it could reach new all-time highs in the near future. This rise comes despite some critical indicators suggesting a potential price pullback. 💰 📈 📉 What’s driving this increase? 🐶 🌍 Firstly, the broader cryptocurrency market is experiencing an upswing, particularly within the meme coin space, where popular assets like Dogecoin (DOGE), Pepe (PEPE), Bonk (BONK), Pump.fun (PUMP), Fartcoin (FARTCOIN), and dogwifhat (WIF) are posting impressive gains daily. 📈 Another potential contributor is the resurgence of Shiba Inu’s burning mechanism. 🔥 The program’s burn rate has exploded, sending nearly 90 million tokens to a dead wallet in a single transaction—an increase of almost 50,000% over the last 24 hours. This aims to reduce the overall supply of SHIB coins, potentially making them more valuable over time. ⏳ However, some cautious investors are eyeing certain indicators that might suggest a pullback. 🤔 The Shiba Inu’s exchange netflow has been positive in the past week, suggesting increased investor activity on centralized exchanges rather than self-custody methods, which could lead to increased selling pressure in the short term. 📉 The Relative Strength Index (RSI) is another area of focus for some traders. This technical indicator measures price changes and helps identify potential reversal points. While readings above 70 typically signal overvaluation, anything below 30 can be seen as a buying opportunity. As of this writing, the RSI stands at over 62. 📊