The meme coin Shiba Inu (SHIB) has finally broken its seven-week downtrend – and it looks like momentum may be shifting. After weeks of bearish pressure, SHIB surged by 8% in just one day, currently trading at $0.0000117 with a daily volume of $221 million. This reversal coincides with a massive accumulation of 1.6 trillion SHIB tokens by whales.
✅ Technical Breakout Hints at 40% Upside Potential
After a prolonged decline, Shiba Inu has broken out of its descending channel for the first time since early May. This breakout may signal a shift in sentiment, as short-term investors return to hunt for bullish opportunities.
The key to further gains lies in breaking through the 50-day Simple Moving Average (SMA), currently at $0.0000134. Surpassing this resistance would open the door to a major level – the 200-day SMA at $0.000016. Reaching that target would represent an almost 40% increase from the current price.
⚠️ Watch the RSI: Market Still Hesitant
Despite the bullish breakout, the Relative Strength Index (RSI) remains below the neutral 50 line, signaling weak buying momentum. Until the RSI crosses above 50, SHIB remains at risk of falling back into its prior downtrend.
🔍 Key Levels to Watch
🔹 Point of Control (PoC) – $0.0000151: A break above this level could confirm a shift in market structure from bearish to bullish.
🔹 Fibonacci 61.8% Level – $0.000014: Breaching this level would further validate the bullish trend.
🔹 Support Zone – $0.0000090: Losing this level could trigger renewed selling pressure.
🐋 Whales Accumulate 1.6 Trillion SHIB in a Day
Data from IntoTheBlock shows a massive increase in large-holder inflows, jumping from 64 billion to 1.66 trillion SHIB in just 24 hours. This suggests that whale wallets increased their holdings by 1.5 trillion tokens in one day.
Whales often act with precision and foresight – and their renewed interest in SHIB, combined with bullish technicals, suggests they anticipate a strong move to the upside.
📈 Summary
Shiba Inu has broken free from a long downtrend. Technical indicators and whale accumulation point to a possible 40% rally. If SHIB breaks key resistance levels, bulls could regain full control.
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Shiba Inu Breaks a 7-Week Losing Streak – Whales Buy 1.6 Trillion SHIB, Is a 40% Rally Coming?
The meme coin Shiba Inu (SHIB) has finally broken its seven-week downtrend – and it looks like momentum may be shifting. After weeks of bearish pressure, SHIB surged by 8% in just one day, currently trading at $0.0000117 with a daily volume of $221 million. This reversal coincides with a massive accumulation of 1.6 trillion SHIB tokens by whales.
✅ Technical Breakout Hints at 40% Upside Potential After a prolonged decline, Shiba Inu has broken out of its descending channel for the first time since early May. This breakout may signal a shift in sentiment, as short-term investors return to hunt for bullish opportunities. The key to further gains lies in breaking through the 50-day Simple Moving Average (SMA), currently at $0.0000134. Surpassing this resistance would open the door to a major level – the 200-day SMA at $0.000016. Reaching that target would represent an almost 40% increase from the current price.
⚠️ Watch the RSI: Market Still Hesitant Despite the bullish breakout, the Relative Strength Index (RSI) remains below the neutral 50 line, signaling weak buying momentum. Until the RSI crosses above 50, SHIB remains at risk of falling back into its prior downtrend.
🔍 Key Levels to Watch 🔹 Point of Control (PoC) – $0.0000151: A break above this level could confirm a shift in market structure from bearish to bullish.
🔹 Fibonacci 61.8% Level – $0.000014: Breaching this level would further validate the bullish trend.
🔹 Support Zone – $0.0000090: Losing this level could trigger renewed selling pressure.
🐋 Whales Accumulate 1.6 Trillion SHIB in a Day Data from IntoTheBlock shows a massive increase in large-holder inflows, jumping from 64 billion to 1.66 trillion SHIB in just 24 hours. This suggests that whale wallets increased their holdings by 1.5 trillion tokens in one day. Whales often act with precision and foresight – and their renewed interest in SHIB, combined with bullish technicals, suggests they anticipate a strong move to the upside.
📈 Summary Shiba Inu has broken free from a long downtrend. Technical indicators and whale accumulation point to a possible 40% rally. If SHIB breaks key resistance levels, bulls could regain full control.
#CryptoWhales , #shibaInu , #SHIB , #CryptoNewss , #CryptoInvesting
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“