Shiba Inu Price is making headlines once again with a dramatic 2,600% spike in whale activity, signaling a potential bullish breakout. Over the past 30 days, inflows from large holders have skyrocketed by 643%, fueling speculation of a major upward move in the short to midterm.
Rather than being driven by a single investor or coordinated group, this massive inflow appears to be widely distributed, indicating broad-based accumulation. SHIB is currently testing critical resistance near the $0.0001400 mark, maintaining a position above key moving averages. If bulls manage to push the price above this barrier, the token could rally toward the psychologically significant $0.00001600 level—closely aligned with the 200-day EMA. This key resistance hasn’t been seriously challenged since the market correction earlier this year.
Technical Indicators Support Bullish Momentum
A decisive close above the 200 EMA could signal a strong shift in sentiment, potentially triggering a breakout. The Relative Strength Index (RSI) is nearing 70, suggesting the asset is approaching overbought territory. However, during strong bullish phases, such RSI levels are common and often reflect sustained momentum—especially when supported by rising on-chain metrics.
Another notable trend is the decline in net outflows from large holders, which have dropped over 42% in the last seven days. This drop in outflows, combined with the increase in inflows, paints a picture of accumulation rather than distribution, strengthening the case for a sustained rally.
SHIB Eyes Key Price Targets
If SHIB can hold above the $0.000013 and $0.000014 support levels, it could set the stage for a move toward $0.000016 and possibly higher. However, a failure to sustain momentum may lead to a quick pullback to the next support near $0.00001275.
Conclusion: Is SHIB Ready for a Breakout?
With strong whale accumulation, reduced outflows, and positive technical signals, Shiba Inu appears poised for a significant upward move. Investors should closely monitor volume trends and resistance zones while remaining cautious of potential reversals. As always in crypto, volatility can swing in both directions.
