The Shiba Inu Whales Return Strong
Despite the recent Shiba Inu price drop, major investors did not hesitate to seize this opportunity. According to IntoTheBlock data, the whales accumulated 1.93 trillion SHIB tokens in just 24 hours, indicating a surge in demand for the memecoin.
This frenzy of buying by major market players contrasts with the recent downward trend observed in the past weeks. Since its peak at $0.00001764 three weeks ago, Shiba Inu has dropped by 20.53%, under selling pressure.
The massive influx of capital from whales has logically had a positive impact on the price of Shiba Inu. Currently, SHIB is trading at $0.00001259, showing a moderate increase of 1.03% over 24 hours.
If this accumulation trend continues, it could encourage other investors to enter the SHIB market, driving up overall demand and pushing prices higher. In this scenario, Shiba Inu could test the resistance level at $0.00001350. A level that corresponds to the FBB 12H midline.
However, a shift by the whales towards selling could weaken the support at $0.000012 and lead to a drop to $0.0000119.
Analysis : Over 20% Increase in the Coming Days ?
If SHIB manages to break this midline resistance, it could then reach the resistance zone at $0.0000162. This would offer an increase of about 24% from its current price in the coming days.
The bullish RSI divergence in 12H adds confluence to this bullish bias. As Bitcoin and other leading cryptocurrencies have regained their liquidated trendline, SHIB should follow suit unless there is significant lack of demand. SHIB will regain its trendline (in yellow) if it reaches around $0.000015.
In summary, despite the recent Shiba Inu decline, the frenetic whale accumulation activity suggests a regained interest in this memetic token. This trend could be the precursor to a rebound in the SHIB price, provided that the large players’ buying momentum continues.
Investors should therefore carefully monitor the whales’ movements to anticipate the next price moves.
How to Buy SHIB on Bitget ?
- Create your account : Sign up on Bitget via their website or mobile app to explore SHIB.
- Secure your profile : Complete KYC verification for compliant protection in 2025.
- Deposit funds : Add fiat currencies (USD, EUR) or cryptos (BTC, USDT) to your wallet.
- Buy the token : Access the spot market, select the SHIB/USDT pair, and place your buy order.
